AI Giants Meta, Google, Broadcom Slash Jobs Despite Record Profits, Analysts Point to Automation
Major technology firms including Meta, Google, and Broadcom are eliminating positions even as they reap massive profits from the AI boom. Industry analysts suggest these cuts represent a fundamental shift as AI systems begin to automate the very roles that created them, moving companies from research to productization phases.
The AI Paradox: Profitable Companies Cutting Staff
In a seemingly contradictory trend, technology giants benefiting from the artificial intelligence boom are simultaneously announcing significant workforce reductions, according to recent reports. Meta reportedly eliminated 600 employees from its Meta Superintelligence Labs group this week, while Google is reducing management layers and Broadcom has implemented recent cuts as well.
