Meta to slash more Bay Area jobs
Facebook and Instagram owner Meta plans to eliminate more positions this summer, and a majority of those are in the Bay Area. Scott Budman reports.
Facebook and Instagram owner Meta plans to eliminate more positions this summer, and a majority of those are in the Bay Area.
The Menlo Park company announced Friday more than 2,000 local job cuts would happen in late July.
WATCH HERE“I think it’s a sign that Meta is deadly serious about AI,” Joint Venture Silicon Valley CEO Russell Hancock said. “It’s their new mantra, watchword, their new corporate strategy.”
There have been more than 100,000 tech layoffs across the country so far this year, according to online tracker Layoffs.fyi.
NBC Bay Area’s Scott Budman has more in the video report above.