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Meta plans massive layoffs of up to 20% of the workforce to offset soaring AI costs

News Snapshot:

Meta is planning another major round of layoffs as it ramps up spending on artificial intelligence infrastructure. Three people familiar with internal discussions told Reuters that Meta is weighing job cuts that could affect 20% or more of its workforce, a move aimed at countering the rising costs of its aggressive push into AI and the efficiency gains executives expect from AI-assisted workers. The company has not set a timeline, and the final number of roles affected remains undecided. “Meta is planning sweeping layoffs ?that could affect 20% or more of the company, Reuters reported, citing the sources Senior leaders across…

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