Meta plans layoffs to 20% of force as AI costs mount

Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources said, as Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.

- Reuters

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 to begin planning how to pare back, two of the people said. The sources spoke anonymously because they were not authorized to disclose the cuts.