Newsgather

Layoffs

Steady357 stories11 sourcesLast updated: 13h ago

Latest Stories

Meta CEO Zuckerberg Admits AI Overhaul Mistakes, Promises No More Layoffs This Year
Developing
Business·1d agoAI summary

Meta CEO Zuckerberg Admits AI Overhaul Mistakes, Promises No More Layoffs This Year

Meta CEO Mark Zuckerberg admitted "mistakes" in the company's AI transformation in an internal memo, promising no more company-wide layoffs this year but cautioning that external factors could change this. The memo acknowledged employee anger over recent job cuts and restructuring, particularly the "managers managing managers" purge and the mandatory reassignment of 7,000 employees to AI roles.

T
Times of India