META LAYS OFF 600 FROM ‘BLOATED' AI UNIT AS WANG CEMENTS LEADERSHIP

Summary from the TLDR AI newsletter

Meta will lay off roughly 600 employees to reduce layers and operate more nimbly. The cuts will impact workers across Meta's AI infrastructure units, the Fundamental Artificial Intelligence Research unit, and other product-related positions. They will not impact employees within TBD Labs. Meta will pay 16 weeks of severance plus two weeks for every completed year of service, minus the notice period.