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to Implement Layoffs While Expediting AI Engineer Hiring

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Meta Platforms, the parent company of Facebook, is preparing for company-wide layoffs next Monday, as indicated in internal memos reviewed by Reuters. The layoffs, affecting around 5% of employees deemed “lowest performers,” will begin at 5 a.m. local time in many regions, including the U.S. However, workers in Germany, France, Italy, and the Netherlands will be exempt from the cuts due to local regulations. Notifications for employees in other countries, including those across Europe, Asia, and Africa, will be issued between February 11 and February 18.

Meta has confirmed that it intends to backfill some of the positions lost during the layoffs, particularly in critical areas such as machine learning engineering. This push for hiring new talent aligns with Meta’s 2025 priorities. Despite the layoffs, Meta plans to keep its offices open on Monday, without issuing further updates on the decisions, according to a memo from Head of People, Janelle Gale.

The expedited hiring process for machine learning engineers and other vital roles will take place between February 11 and March 13. VP of Engineering for Monetization Peng Fan emphasized the importance of staff support in meeting these hiring goals.

Workday Announces Layoffs of 1,750 Jobs Amid AI Investment Push

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Workday, a leading human capital management company, has announced plans to cut approximately 1,750 jobs, or 8.5% of its workforce, in an effort to allocate resources toward artificial intelligence (AI) development. This move is part of Workday’s strategy to adapt to a challenging macroeconomic environment, with high interest rates impacting tech budgets.

The news triggered a 4% jump in the company’s shares during premarket trading. CEO Carl Eschenbach emphasized that these layoffs are a necessary step to focus on AI investments and expand Workday’s global presence.

The human capital management industry is currently dealing with slower spending from enterprise clients, further complicating the business landscape. Workday expects to incur between $230 million and $270 million in charges due to the layoffs, with $60 million to $70 million recognized in the fourth quarter. As of January 31, the company employed roughly 18,800 people.

The company is facing increased competition as the industry consolidates. Recently, Paychex announced its acquisition of Paycor for $4.1 billion, and ADP purchased WorkForce Software for $1.2 billion.

Despite the layoffs, Workday is optimistic about its financial performance. The company expects its fourth-quarter and full-year financial results to meet or exceed previous forecasts, with subscription revenue expected to reach $7.70 billion for the year and $2.03 billion for the fourth quarter, aligning with analyst predictions. Workday also plans to close certain office spaces as part of its cost-reduction measures, with the initiatives expected to be completed by the second quarter of fiscal 2026.

 

Salesforce to Cut Over 1,000 Jobs While Expanding AI Workforce

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Salesforce is set to cut over 1,000 jobs as part of a strategic shift to focus more on selling artificial intelligence products. Despite the layoffs, the company will offer displaced employees the opportunity to apply for other positions within the organization, according to a report by Bloomberg News. The specific departments impacted by the layoffs have not been disclosed.

As of January 31, 2024, Salesforce employed 72,682 people, and the latest cuts come after a series of similar actions in recent months. In December 2023, CEO Marc Benioff highlighted the success of “Agentforce,” the company’s platform for AI-powered virtual agents, which secured over 1,000 paid deals. Earlier reports from January 2024 and July 2024 indicated smaller rounds of job cuts, including 700 and 300 roles, respectively.

Salesforce is actively hiring to bolster its workforce in AI sales, aiming to capitalize on growing demand for AI-driven solutions. The company is scheduled to report its quarterly earnings on February 26, 2025.