Meta layoffs: 8,000 employees to be laid off, Singapore staff among first hit amid AI restructuring

Key points

• Meta has begun notifying employees about a fresh round of job cuts that will affect nearly 8,000 workers globally, with staff in Singapore, one of the company’s largest Asian hubs, among the first to receive layoff notices on Wednesday morning, according to reports by Bloomberg and The Business Times.
• The latest layoffs are part of Facebook's parent company’s broader restructuring strategy as it ramps up spending on artificial intelligence infrastructure and AI-driven products while attempting to streamline operations and cut costs across several business units.
• Bloomberg reported that employees in Singapore began receiving notifications as early as 4 AM local time, while workers in the United States and Europe are expected to be informed in their respective time zones in the coming days.
• The report added that the layoffs are spread across multiple departments, including engineering, product development, operations and support functions.
• According to The Business Times, the retrenchment exercise...