After broad workforce cutbacks, Meta is now hoping to downsize its AI team, too
While Meta has been trying to cut back its overall workforce, it’s been funneling money into its AI division to try to poach top talent from its competitors with meteoric pay packages.
But it now appears the AI division — known internally as Meta Superintelligence Labs — isn’t safe, either.
In June, Meta overhauled its AI efforts and put Alexandr Wang in charge of a team focused on developing so-called “superintelligence.” Then, in July, the company named a former OpenAI executive as its chief AI scientist. The arrangement reportedly caused tension over resources and control within the company.
As part of a restructuring of its AI efforts into four groups, first reported by The Information over the weekend, the company is now considering downsizing its AI division, which has ballooned to include thousands of people, according to The New York Times. That would include some AI executive exits as well as eliminating some roles and moving employees to other parts of the company, the Times said.
In its most recent earnings call, Meta said it expects employee compensation to be the second-largest driver of expense growth next year after capex.
Meta stock is down about 2% today, as large-cap tech stocks broadly tumble.
In June, Meta overhauled its AI efforts and put Alexandr Wang in charge of a team focused on developing so-called “superintelligence.” Then, in July, the company named a former OpenAI executive as its chief AI scientist. The arrangement reportedly caused tension over resources and control within the company.
As part of a restructuring of its AI efforts into four groups, first reported by The Information over the weekend, the company is now considering downsizing its AI division, which has ballooned to include thousands of people, according to The New York Times. That would include some AI executive exits as well as eliminating some roles and moving employees to other parts of the company, the Times said.
In its most recent earnings call, Meta said it expects employee compensation to be the second-largest driver of expense growth next year after capex.
Meta stock is down about 2% today, as large-cap tech stocks broadly tumble.
