Meta reportedly plans sweeping layoffs as AI costs increasehttps://www.theguardian.com/technology/2026/mar/13/meta-layoffs-ai
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Meta reportedly plans sweeping layoffs as AI costs increase
https://www.theguardian.com/technology/2026/mar/13/meta-layoffs-ai> Sources tell Reuters layoffs could affect 20% or more of company as plans reflect broader tensions within big tech
Of course Meta is pretending this is because "effectiveness gains in AI".
But if an industry is laying off tens of thousands of people, maybe it's not magic, but an industry in deep crisis. Using "AI" as a convenient excuse to not have stockholders worried.
It seems that if a company implements some new technologies that dramatically increase its productivity and efficiency, the thing to do is expand your product line, expand your market, lower your prices to be more competitive, and so on.
I know an advertising platform has different market logic than a car manufacturer, but still. All these companies' words and actions aren't really lining up.
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It seems that if a company implements some new technologies that dramatically increase its productivity and efficiency, the thing to do is expand your product line, expand your market, lower your prices to be more competitive, and so on.
I know an advertising platform has different market logic than a car manufacturer, but still. All these companies' words and actions aren't really lining up.
@Mikal yup.
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