In a move that bucks the tech industry’s trend of aggressively hiring workers who specialize in artificial intelligence, Meta is slashing about 600 employees from its closely watched AI efforts, per reports on Wednesday.

Heading into the report, a group of unions and watchdogs launched the "Take Back Tesla" campaign to urge investors to oppose Musk's new compensation plan. The highly publicized pay package would give the billionaire entrepreneur an opportunity to rake in almost $1 trillion in stock.

This pattern confirms that META stock is highly susceptible to sudden, sharp downturns whenever a major risk materializes.

Meta announced Wednesday that it is laying off 600 employees in its artificial intelligence division while still hiring for its superintelligence lab.

Artificial intelligence has pervaded into nearly every aspect of society, from the workforce to education and even dating.

The layoffs will affect legacy teams but not the company’s new TBD Lab unit.

Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner reports that Meta’s continued big spending for artificial intelligence is likely to be a focus of investors in the company’s coming quarterly earnings.

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