Meta Plans Massive Layoffs: Up to 20% of Staff Could Be Cut

Meta is planning major layoffs that could impact over 20% of its employees. This is according to three internal sources who spoke to Reuters. The company is making these cuts to manage the high costs of building artificial intelligence (AI) systems. Meta also aims to increase efficiency as AI tools change how employees work. Sources say no date has been set for the job cuts. The final number of affected roles is also still being decided. The plans highlight a wider trend in the technology industry. Many large tech companies are now struggling to balance heavy AI investments with their workforce costs.