Particle.news
Download on the App Store
42 ARTICLES
·
5d ago

Tech Layoffs Deepen as Meta Weighs Major Cuts in AI Drive

Payroll is being redirected into AI projects, putting entry-level jobs on the line.

Illustration by Tag Hartman-Simkins / Futurism. Source: Getty Images
Image
Meta is reportedly planning to conduct yet another round of sweeping layoffs that could affect 20 percent or more of the company.

Overview

  • Reuters reported Meta is considering cutting more than 20% of staff to help finance massive AI investments, though the company called the coverage speculative.
  • Atlassian confirmed a 10% reduction, or about 1,600 roles, to self-fund AI and enterprise sales, and Block cut roughly 4,000 jobs as Jack Dorsey said AI enables smaller, flatter teams.
  • At least 23,000 tech jobs have been eliminated this year across firms including Amazon, WiseTech, eBay and Pinterest as companies restructure around AI strategies.
  • A survey cited by Investopedia found 26% of business leaders are laying off workers and 54% are trimming compensation to fund AI, reinforcing reports that budgets are shifting from labor to technology.
  • ServiceNow’s CEO warned entry-level hiring could be hit hard as AI agents take over routine tasks, and new analyses highlight greater exposure for higher-paid white-collar roles.