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Variety

Meta Laying Off 8,000 Employees, 10% of Workforce, Amid Surge in Spending on AI

Meta Laying Off 8,000 Employees, 10% of Workforce, Amid Surge in Spending on AI
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Meta, parent of Facebook and Instagram, is laying off about 8,000 employees — and eliminating another 6,000 open jobs — as it is in the midst of a companywide shift to artificial intelligence. The job cuts were announced in an internal memo to Meta staffers from the company’s head of HR, Janelle Gale, who said […]

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Warner Bros. Discovery CEO David Zaslav’s compensation tied to the company’s pending merger with Paramount was rejected by an eye-opening 82% of shareholders, the company said Thursday. Earlier in the day, the company convened a special shareholder meeting. Executives during the brief session noted that Zaslav’s pay package, which could wind up being as much […]

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