Business

Meta's Major Layoffs Could Impact 20% of Workforce

TechCrunch

Meta is reportedly considering layoffs affecting 20% of its workforce amid rising AI costs. What does this mean for employees and the tech industry?

Meta could cut **20%** of its workforce in potential layoffs.

The company has **79,000** employees, affecting **15,800** jobs.

AI investments are driving financial pressures leading to layoffs.

Tech sector sees rising layoffs amid claims of 'AI-washing.'

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