India, April 24 -- Meta informed employees that it will cut around 10% of its workforce nearly 8,000 jobs starting May 20. This move is part of a broader restructuring plan announced earlier. The company is also shutting down about 6,000 open positions.

In an internal memo, Chief People Officer Janelle Gale explained that the layoffs would help the company "offset the other investments we're making." While she did not directly mention AI, the company has been aggressively increasing its AI spending.

CEO Mark Zuckerberg had earlier highlighted a major AI acceleration, revealing plans to invest between $115 billion and $135 billion in AI almost double the previous year's capital expenditure. "This is not an easy tradeoff," Gale wrote...