The tech industry’s layoffs and hiring freezes: all of the news
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With mass layoffs plannned, Meta reassigns thousands of employees to AI initiatives.
The New York Times and Reuters report that a memo was sent to Meta employees on Monday reassigning 7,000 of them, and said that “As org leaders worked on the changes, many of them incorporated AI native design principles into their new org structures.”
The memo told employees to work remotely on Wednesday, when it will lay off about 10 percent of its workforce, roughly 8,000 people, with emails sent at 4AM local time.
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