The company is heavily investing in AI while reducing expenses in other areas. According to Reuters, Meta plans to balance its investment in AI and data centers by conducting significant layoffs. It may lay off as much as 20 percent of its workforce, about 15,800 employees—its largest reduction since cutting 22,000 jobs in late 2022 to early 2023. This downsizing comes after Meta indicated a shift away from VR and the Metaverse, reducing budgets and closing studios. The company is instead focusing on acquiring AI talent, building data centers, and acquiring companies like Moltbook. Additionally, Meta has been involved in controversies over its smart glasses, chatbots, and effects on teenagers. Meta has not responded to requests for comment.
Meta Reportedly Plans to Lay Off Up to 20% of Staff
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