Meta will cut about 600 roles from its “superintelligence” team, potentially signaling an end to the company’s aggressive AI expansion.
CEO Mark Zuckerberg personally led a hiring spree that reportedly included $100 million salaries for top talent poached from rivals.
Meta said that the cuts were to make its AI divisions more flexible, meaning “fewer conversations will be required to make a decision” according to an internal memo seen by Axios. But Zuckerberg has been concerned that the company’s investments have not led to rapid progress, and has attempted a reorganization.
Wider AI investment is not slowing down, but there are growing concerns that it is a bubble masking deeper problems in the economy.