Big news about Meta (the company that owns Facebook and Instagram)! They're letting some people go from their jobs. This is part of a plan to save money and focus on building even better technology, especially in artificial intelligence (AI).
- Meta is cutting about 3,600 jobs, which is about 5% of their workers.
- People who are leaving will get some money to help them out.
- Meta wants to hire new people who are really good at AI.
- Meta plans to spend a lot of money on AI in the future.
| Fact | Number |
|---|---|
| Number of jobs cut | ~3,600 |
| Percentage of workforce cut | 5% |
| Severance pay (US employees) | 16 weeks salary + 2 weeks/year of service |
