Meta Plans Major Layoffs Amid AI Push
Meta Platforms is reportedly planning to cut at least 20% of its workforce, a move that would be the largest since its 2022-23 "year of efficiency," to manage substantial investments in artificial intelligence. These sweeping layoffs aim to offset colossal capital outlays, projected to reach up to $135 billion by 2026, as the company prioritizes its AI development amidst significant spending on data centers and a talent war.