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Meta Freezes AI Hiring Amid Restructuring Efforts
6 Sep
Summary
- Meta halts hiring in AI division after recent hiring push
- Restructuring underway in Meta's AI division, no timeline for end of freeze
- Meta spent billions on AI development, worrying investors about costs
In a significant move, Meta Platforms, Inc. (NASDAQ:META) has implemented a hiring freeze in its AI division. This comes just a few months after the company had aggressively expanded its AI team, bringing in over 50 AI researchers and engineers.
The hiring freeze, which began last week, is part of a larger restructuring within Meta's AI division. The changes also prevent current employees from moving between teams within the division. There is currently no clear timeline for when the freeze will be lifted.
Earlier this year, Meta had gone on a major AI hiring push, offering lucrative nine-figure salaries to lure top talent from leading AI companies like OpenAI. The company also reportedly used reverse acquihires to bring in key staff from AI startups.
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Meta has reorganized its AI division into four teams, including one focused on superintelligence. Zuckerberg himself led the efforts to recruit top talent from companies like OpenAI, Google, and Apple, even offering substantial sums to entice them.
Meta is considered one of the "AI Hyperscalers," a group of major tech firms investing heavily in AI development and data centers. The company has set aside around $72 billion for AI this year alone. However, this significant spending has worried investors, who are concerned that the higher costs and generous stock-based compensation could impact Meta's profits.
