Business

Meta Plans Major Layoffs Amid AI Investment Strategy

The Verge

Meta is reportedly planning to cut 20% of its workforce amid a shift to AI investments. Discover what this means for the tech giant's future.

Meta could lay off 20% of its staff, totaling 15,800 jobs.

The layoffs represent a significant pivot from VR and the Metaverse.

Meta's focus is shifting towards AI amidst rising operational costs.

This could impact innovation and product development at Meta.

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