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Meta cuts about 8,000 jobs globally, S'pore workers first to be notified at 4am

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Meta cuts about 8,000 jobs globally, S'pore workers first to be notified at 4am​

Staff around the globe are expected to receive notice in their time zones.

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Meta Platforms, the parent company of Facebook, began its round of global layoffs on May 20, with employees in Singapore the first to be hit with a notification at 4am, Bloomberg reported.

Employees elsewhere in the world are expected to receive notice early in their time zones.


About 8,000 jobs are expected to be cut globally.

Planned layoffs​



The layoffs are expected to affect Meta's engineering and product teams, Bloomberg wrote, citing people familiar with the company's plans.

Meta also informed around 7,000 staff on May 18 of their reassignment to newly-formed teams focused on AI initiatives, including products and agents.

The May 20 layoffs are the first of more to come, with the next round expected to take place in the second half of this year, Reuters wrote.

Altogether, the layoffs this year could potentially affect 20 per cent or more of Meta's workforce.

Meta's headcount stood at just under 80,000 at the end of March, Bloomberg wrote.

AI integration​



According to Reuters, Meta's head of People, Janelle Gale, said in a memo to employees that as company leaders worked on organisational changes, they have incorporated "AI native design principles" into the new organisational structures.

"We are now at the stage where many orgs can operate with a flatter structure with smaller teams of pods/cohorts that can move faster and with more ownership," Gale wrote.

"We believe this will make us more productive and make the work more rewarding," she continued in the memo.


Meta's Chief Executive Officer Mark Zuckerberg has made AI a top priority, leading to changes to Meta's workplace operations, according to Bloomberg.

More than a thousand employees have signed a petition addressed to Zuckerberg and company leaders demanding that the company refrain from collecting data from their devices, including keystrokes and mouse movements, to train AI
 
As the S&P 500 continues to reach record highs, analysts are increasingly identifying the 10,000-point milestone as a viable target by the end of the decade.
 


Meta layoffs + AI push, anyone else feel like job stability isn’t the same anymore?​


Seeing more companies doing layoffs recently and it just made me think about how things feel in the job market lately.

Not just tech, but across different industries too. Some roles get changed or cut as companies push for “AI optimisation” and efficiency. Anyone else feeling it too?

From what I see at work, parts of what we do can feel like they could be automated, but a lot still comes down to execution, judgment, and context.

I know layoffs are part of the cycle and hiring still continues across industries, so opportunities are definitely still there. But seeing news like this can still make the overall job market feel a bit more uncertain.

Curious what industry or role you’re in, and whether this makes you more inclined to upskill in your current role, consider a career switch that feels more “stable”, or if your current work environment is not really affected by it?
 


Meta layoffs + AI push, anyone else feel like job stability isn’t the same anymore?​


Seeing more companies doing layoffs recently and it just made me think about how things feel in the job market lately.

Not just tech, but across different industries too. Some roles get changed or cut as companies push for “AI optimisation” and efficiency. Anyone else feeling it too?

From what I see at work, parts of what we do can feel like they could be automated, but a lot still comes down to execution, judgment, and context.

I know layoffs are part of the cycle and hiring still continues across industries, so opportunities are definitely still there. But seeing news like this can still make the overall job market feel a bit more uncertain.

Curious what industry or role you’re in, and whether this makes you more inclined to upskill in your current role, consider a career switch that feels more “stable”, or if your current work environment is not really affected by it?

Jin cham for everyone
 
Start of mass retrenchment as AI kicks in. Alot of IT deadwood esp cecas. Now garmen have a potential hot potato in their hands. Time to send them back cecaland. Recession coming
 
As the S&P 500 continues to reach record highs, analysts are increasingly identifying the 10,000-point milestone as a viable target by the end of the decade.
del
 
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As the S&P 500 continues to reach record highs, analysts are increasingly identifying the 10,000-point milestone as a viable target by the end of the decade.
Ponzi economy. Of hyper inflated stocks and cryptos.
 
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