June 4, 2023

Crypto Comeback Pro is a crypto trading tool for investing in the crypto market with an %88 average win rate on trades and is the #1 trading software for crypto traders from all around the globe in 2022. Try it For FREE Today. 

Facebook or better known as ‘Meta’ has become so diversified in the past few months than it has ever been. The company says that it is not only a social media company and has a lot to offer in terms of AI, ML (machine learning), Augmented and virtual reality, and also the development of metaverse.

Before you jump to any conclusions, you need to understand that metaverse is not a product, and it doesn’t belong to any single entity; Facebook is just enthusiastic about laying the foundation of the metaverse before anyone else and building on the idea.

Anyway, last week Facebook decided to lay off 60 people in the contractual staff working in many states and cities in the US. And the company’s senior audit team also conducted a video call in which many of the contractual staff were interviewed and were told about the mass layoffs the company is planning to do in the upcoming few days.

Instead of handing out the decision to the people who were going to lose their jobs right then and there, Facebook has delayed the whole thing by saying that it is too hard a decision and they will leave it to their AI to decide.

These contractual staff people were hired using the services of Accenture, Austin, Texas, and both Accenture and Facebook are bent on laying off people they think are not strong enough performance-wise to be part of the next big thing that Facebook will be working on.

According to Zuckerberg, extremely tough performance reviews will be conducted to understand which employees should leave Facebook for good and which ones should stay with the company for a few more years.

Also Read:  Ethereum Is A Security, Says MicroStrategy CEO Michael Saylor

Use of AI in Terminating Employees

It was also said that these employees would go out of a job from early September, but they will be paid through October. Facebook has given full autonomy to its AI algorithm to study the profile of the prospective employees that are susceptible to lay off and then terminate them randomly. This isn’t the first time AI has been used to do the dirty digging for conglomerates and tech companies, but this isn’t the best way to move forward into a more productive and contained future.

Deep Into Blockchain is not responsible for the content, accuracy, quality, advertising, products or any other content posted on the site. Some of the content on this site (namely Branded Content Posts) is paid content that is not written by our authors and the views expressed do not reflect the views of this website. Any disputes you may have with brands or companies mentioned in our content will need to be taken care of directly with the specific brands and companies. The responsibility of our readers who may click links in our content and ultimately sign up for that product or service is their own. Cryptocurrencies, NFTs and Crypto Tokens are all a high-risk asset, investing in them can lead to losses. Readers should do their own research before taking any action.

Leave a Reply

Your email address will not be published. Required fields are marked *