Mark Zuckerberg AI: Meta plans to cut 3,600 roles to hire new AI talent
Meta reported a significant increase in its 2024 net income, which rose by 59% to $62.36 billion. The company's revenue also saw a notable growth of 22% to reach $164.5 billion. Moreover, Meta experienced a 5% growth in daily active users, with the number now standing at 3.35 billion. The company's workforce expanded to 74,067 employees; however, Meta has announced plans to cut 3,600 roles, which represent 5% of its workforce, in order to make room for new AI talent.
AI Investments and Financial Projections
Meta has outlined ambitious plans for AI investments in 2025, with the projected investment ranging between $60-65 billion. The company also estimates its total expenses for the year to be in the range of $114-119 billion. In terms of financial performance, Meta anticipates that its revenue for Q1 2025 will grow by 8-15%, reaching $39.5-41.8 billion.
These strategic moves indicate Meta's firm commitment to harnessing the power of artificial intelligence to drive innovation and growth within the company.
For more details, you can check out Meta's official announcement here.
