Meta to lay off hundreds of employees, report claims, as tech giant looks to offset artificial intelligence cost
Meta is reportedly planning sweeping layoffs as it seeks to offset rising costs tied to massive investments in artificial intelligence.
Meta Platforms is laying off a few hundred people across multiple teams, a source familiar with the matter told Reuters.
Reuters reported earlier this month that Meta was planning sweeping layoffs that could affect 20 per cent or more of the company’s workforce and that top executives had signalled the plans to other senior leaders and told them to begin planning how to pare back.
Wednesday’s layoffs were on a smaller scale. According to an earlier report in The Information, the cuts would affect Meta’s Reality Labs division, social media teams and recruiting operations.
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By continuing you agree to our Terms and Privacy Policy.“Teams across Meta regularly restructure or implement changes to ensure they’re in the best position to achieve their goals. Where possible, we are finding other opportunities for employees whose positions may be impacted,” a Meta spokesperson said in a statement.
The Facebook parent is seeking to offset rising costs tied to massive investments in artificial intelligence, having forecast total expenses of $US162 billion to $US169 billion in 2026, and rising employee compensation as the technology giant spends millions to hire top AI talent.
Meta had nearly 79,000 employees as of December 31, according to its annual filing.
