A day after Meta Platforms (NASDAQ:META) informed employees that it is cutting 600 jobs in its AI superintelligence division, the company is laying off an unspecified number of workers who oversee risk and compliance for the social media and tech giant.
The company told its employees Thursday they were being let go because it now has improved automation technology, which now allows it to “deliver more accurate and reliable compliance outcomes.”
“As a result, we don’t need as many roles in some areas as we once did. Our work has matured, and we’re at a point where we can operate more efficiently and effectively, while still upholding the highest standards for compliance,” Meta told employees in a memo.
Notably, the company is slashing jobs in the Product Risk Program Manager, Shared Services, and Global Security & Privacy (GSP) teams and is consolidating jobs in London, UK.
It is also reorganizing the GSP team and merging it with the Reg Readiness and DPO team, which will now be called “Regulatory Compliance Programs.”
“Automation and technology will continue to strengthen our compliance program, but human judgment will always play a crucial role in assessing novel and complex issues. This is a natural next step in our journey, and as our processes mature, our teams will be able to focus on the most challenging and high-impact work,” Meta said.