Meta lays off 600 AI employees to streamline operations and accelerate its goals for its Superintelligence lab

Fuente Cryptopolitan

Meta is laying off over 600 employees from its Superintelligence Labs AI division, which will affect the teams working on FAIR, product AI, and AI infrastructure. According to an internal memo, the company stated that the move is aimed at enhancing the company’s agility.

Meta Chief AI Officer Alexandr Wang communicated in a memo that the personnel cut will remove excessively bureaucratic tasks from the company, giving each worker “more scope and impact.” Wang stated that U.S. employees will be notified by 7:00 a.m. Pacific Time, whether their jobs are affected. 

Meta restructures AI teams amid $15 billion investment

Meta anticipates that the majority of impacted employees will find alternative internal positions and encourages them to apply for other available opportunities within the company. Wang noted that “This is a talented group of individuals, and we need their skills in other parts of the company.” 

“I’m really excited about the models we’re training, our compute plans, and the products we’re building, and I’m confident in our path to build towards superintelligence.”

Alexandr Wang, Chief AI Officer, Meta.

Meta is still hiring for its recently established TBD lab, despite the layoffs of some employees.  The recent hires include Ananya Kumar, a research scientist at OpenAI, and Andrew Tulloch, a co-founder of Thinking Machines.  CEO Mark Zuckerberg‘s desire for more important AI advancements is reflected in the lab, which is a component of Meta’s larger $15 billion investment in Scale AI.

In November 2022, Meta laid off more than 11,000 employees, representing approximately 13% of its workforce. The layoffs coincided with a difficult period for Meta, which alarmed investors and saw its shares plunge almost 20% after giving vague guidance for its impending fourth-quarter earnings in late October 2022.

Meta’s growing costs and expenses, which increased 19% year-on-year to $22.1 billion in the third quarter, alarmed investors. The company’s operating income fell 46% from the prior year to $5.66 billion, while its overall sales decreased 4% to $27.71 billion during the quarter.

Global companies blame AI for widespread layoffs of staff

From tech to airlines, large global companies have been slashing staff as the real-world impact of artificial intelligence plays out, spooking employees. Last month, Accenture, a technology consulting firm, revealed a reorganization plan that included rapid layoffs for employees who cannot first retrain in artificial intelligence. Days later, Lufthansa announced that it would lay off 4,000 employees by 2030, as it relies on AI to boost productivity.

In September, Salesforce also laid off 4,000 customer service employees, claiming that AI could handle half of the company’s workload. Meanwhile, as it rapidly implements AI capabilities, finance company Klarna has cut 40% of its workforce. Language-learning platform Duolingo has announced that it will gradually shift away from relying on contractors and utilize AI to fill the gaps.

Fabian Stephany, an Assistant Professor (DRL) in AI and Work at the Oxford Internet Institute, claimed that there may be more to job layoffs than meets the eye. Stephanny stated that AI may have formerly been stigmatized, but these days, companies are embracing the technology as a “scapegoat” for difficult business decisions like layoffs.

“I’m really skeptical whether the layoffs that we see currently are really due to true efficiency gains. It’s really a projection into AI in the sense of ‘We can use AI to make good excuses.”

Fabian Stephany,  Assistant Professor (DRL) in AI and Work, Oxford Internet Institute.

Stephany argued that companies can effectively put themselves at the forefront of AI technology to look creative and competitive while still hiding the true causes of layoffs.

The professor explained that “there may be several additional reasons why businesses need to lay off some employees…  Due to overhiring during the Corona “COVID-19 epidemic.” Duolingo and Klarna are excellent choices for this  because there was overhiring during Corona.” 

Stephany argued that some companies that flourished during the pandemic “significantly overhired” and the recent layoffs might just be a “market clearance.”

The smartest crypto minds already read our newsletter. Want in? Join them.

Descargo de responsabilidad: Sólo con fines informativos. Rentabilidades pasadas no son indicativas de resultados futuros.
placeholder
El Oro cae en medio de la disminución de las tensiones comerciales y la toma de beneficiosEl precio del Oro (XAU/USD) se desploma por debajo de 4.100$ durante las horas de negociación asiáticas del miércoles
Autor  FXStreet
18 hace una horas
El precio del Oro (XAU/USD) se desploma por debajo de 4.100$ durante las horas de negociación asiáticas del miércoles
placeholder
El Yen japonés avanza tras los datos de la balanza comercialEl Yen japonés (JPY) avanza frente al Dólar estadounidense (USD) el miércoles tras tres días de pérdidas. El par USD/JPY se deprecia a medida que el JPY gana terreno tras la publicación de los datos totales de la balanza comercial de mercancías de Japón.
Autor  FXStreet
18 hace una horas
El Yen japonés (JPY) avanza frente al Dólar estadounidense (USD) el miércoles tras tres días de pérdidas. El par USD/JPY se deprecia a medida que el JPY gana terreno tras la publicación de los datos totales de la balanza comercial de mercancías de Japón.
placeholder
El oro se desplomó más del 5% en la mayor caída desde 2020El Oro se desplomó más del 5.50% el martes mientras los operadores parecen tomar beneficios antes de la publicación de los datos del Índice de Precios al Consumidor (IPC) de septiembre en EE.UU., y el Dólar recupera algo de terreno. El XAU/USD cotiza a 4.114$ después de caer desde un máximo diario de 4.375$
Autor  FXStreet
20 hace una horas
El Oro se desplomó más del 5.50% el martes mientras los operadores parecen tomar beneficios antes de la publicación de los datos del Índice de Precios al Consumidor (IPC) de septiembre en EE.UU., y el Dólar recupera algo de terreno. El XAU/USD cotiza a 4.114$ después de caer desde un máximo diario de 4.375$
placeholder
Pronóstico del Precio del Bitcoin: El BTC cae por debajo de los 108.000$ en medio de la incertidumbre económica y las salidas del ETFEl precio de Bitcoin (BTC) se negocia por debajo de los 108.000 $ en este momento del martes, después de enfrentar rechazo de una línea de tendencia previamente rota, señalando una renovada presión de venta. El apetito por el riesgo más amplio continúa debilitándose en medio del cierre del gobierno de EE.UU. y los titulares sobre la disputa comercial entre EE.UU. y China.
Autor  FXStreet
El dia de ayer 09: 40
El precio de Bitcoin (BTC) se negocia por debajo de los 108.000 $ en este momento del martes, después de enfrentar rechazo de una línea de tendencia previamente rota, señalando una renovada presión de venta. El apetito por el riesgo más amplio continúa debilitándose en medio del cierre del gobierno de EE.UU. y los titulares sobre la disputa comercial entre EE.UU. y China.
placeholder
Washington y Canberra firman un acuerdo de 8.500 millones de dólares para frenar el dominio chino sobre los mineralesTrump y Albanese firmaron el lunes en la Casa Blanca un acuerdo sobre minerales críticos por 8.500 millones de dólares, consolidando un movimiento estratégico por parte de Estados Unidos y Australia.
Autor  Cryptopolitan
El dia de ayer 09: 14
Trump y Albanese firmaron el lunes en la Casa Blanca un acuerdo sobre minerales críticos por 8.500 millones de dólares, consolidando un movimiento estratégico por parte de Estados Unidos y Australia.
goTop
quote