Meta Laid Off Thousands | Heres Why AI Companies Are Doing This

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Summary

➡ Facebook’s parent company, Meta, is laying off 10% of its workforce, which is about 8,000 people, over the next month. This is due to the company’s increased spending on artificial intelligence projects. The layoffs are expected to cause a rise in the unemployment rate and a decrease in business size. Meta also plans not to fill many job openings it had been hiring for.

Transcript

Facebook and Meta. Massive layoffs. We just hit the threshold. 10%. This is important. 1 out of 10 people right now at Meta are losing their jobs in the next month. And it says right here, the story’s out of BBC, as it spends more than ever on artificial intelligence projects. For all those people a couple years ago when I said AI is going to take massive amounts of jobs, it’s now happened. And now, and I’ve also said this, when the threshold bumps single digit layoffs with corporations, 8-9% moves to 10 double digits, Wall Street starts paying attention.

This is going to start coming out in the next few quarters that the unemployment rate is rising, companies are laying people off, businesses are shrinking. Because even with AI, remember, Meta could keep everybody if the business warranted it, but it doesn’t. It says right here, the company told employees in a memo on Thursday that it planned to cut 10% of its workforce, roughly 8,000 staff. It said it would also not fill thousands more open jobs that it had been hiring for. Alright? Look, if you have a company and you want to learn how to make more money and get an unfair advantage over other companies right now, links down below to an incredible survey that will spit out a free report on how to make money four different ways in your company.

Revenue that you’re leaving on the table that you’re missing out on that your customers, or you’re sorry, your competition may be picking up. So links down below, it’s absolutely free. I’m really excited to be able to push this out there. Says here, a key reason for layoffs is Meta’s increased spending in other areas of the company, including AI, for which it will this year spend $135 billion on. This is roughly equal to the amount that it spent on AI in the previous three years combined. This is absolutely staggering. It says here, a spokesperson for Meta confirmed the planned jobs cuts, but declined to comment further.

Mark Zuckerberg’s Meta’s co-founder and chief executive made public comments in January that essentially telegraph the company would be cutting jobs again this year. The Meta boss said that he had seen how much more productive workers who relied heavily on AI tools had actually become, noting a single person could now complete projects that would have previously required a large team. He said this, I think that 2026 is going to be a year that AI starts to dramatically change the way that we work. This comes from Mark Zuckerberg. That means that more companies are going to follow him and say, you know what, if you’ve got AI skills, we want to keep you.

We’re going to lay off the guy or fire the person, the guy or girl that didn’t pay attention. This is not only do you need to learn AI now for your company, but you need to learn it for your job if you’re an employee as well. This is important. This is going to be huge. With that being said, thank you so much for watching. Take a look at that free survey. The report will blow your mind. A good friend of mine that owns a campground just was like, oh my gosh, I cannot believe how detailed this report was and how much money is leaving on the table.

Him and his business partners are immediately going into action right now. All right, with that being said, The Economic Ninja is out. [tr:trw].

See more of The Economic Ninja on their Public Channel and the MPN The Economic Ninja channel.

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There is no Law Requiring most Americans to Pay Federal Income Tax

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