Meta Platforms, Inc. has announced significant layoffs, affecting approximately 8,000 employees, or 10% of its global workforce, as the company pivots towards artificial intelligence (AI) investments. The layoffs are scheduled for May 20 and come alongside a hiring freeze for 6,000 open roles. Janelle Gale, Meta's Chief People Officer, indicated that these changes are necessary for cost reduction and future growth in AI. This decision aligns with similar trends in the tech industry, where companies like Amazon and Microsoft have also reduced staff while increasing AI spending. Reports suggest that further layoffs could occur, potentially raising the total job cuts to 20% of Meta's workforce. Concerns have emerged regarding employee monitoring practices, as some workers feel uneasy about being tracked during this transition. The news has sparked varied reactions online, with discussions about the implications for the tech job market and the housing market in Silicon Valley.