Meta planning sweeping layoffs as AI costs mount: Reuters

Meta is seeking to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.

Meta planning sweeping layoffs as AI costs mount - The Straits Times

Meta planning sweeping layoffs as AI costs mount  The Straits Times

Meta planning sweeping layoffs

NEW YORK (Reuters) -- ‌Meta is planning sweeping layoffs that could affect 20 percent or more of the company, three sources familiar with the matter told Reuters, as Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers. No ‌date has been set for the cuts and the magnitude has not been finalized, the people said. Top executives have recently signaled the plans to other senior leaders at Meta and told them t

By The Korea Herald

Meta planning sweeping layoffs as AI costs mount

If Meta settles on the 20% figure, the layoffs will be the company's most significant since a restructuring in late 2022 and early 2023 that it dubbed the 'year of efficiency'

By Reuters