What changed
$META
- META REASSIGNS 7,000 EMPLOYEES TO AI, CUTS 8,000 JOBS
Internal memo from HR head Janelle Gale outlines four new AI-native orgs with leaner management. Zuckerberg accelerates AI push, reducing headcount by nearly 10%. (Source: NYT)
$META AH $607.48 (+0.10%)
Affected: $GOOGL $SNAP $PINS $RDDT $NVDA $AMD
Why it matters
- META REASSIGNS 7,000 EMPLOYEES TO AI, CUTS 8,000 JOBS