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Meta planning sweeping layoffs as AI costs mount

Financial Express Hyderabad

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March 15, 2026

META IS PLANNING sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters, 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 finalised, the people said.

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