Meta is betting the farm on AI, regardless of the mounting price tag. Now, the company is reportedly gearing up to slash one-fifth of its workforce through wide-reaching layoffs, according to an exclusively sourced Reuters report.
There’s no exact headcount or date set for when the cuts will occur, the three anonymous sources Reuters quoted said, but Meta’s top executives have reportedly asked their peers to begin planning for the layoffs.
A Meta representative did not immediately respond to a request for comment.
According to Reuters’ sources, Meta plans to operate with fewer workers now that AI agents assist them in their daily tasks. It’s also meant to cut costs associated with ramping up AI infrastructure.
Meta has been investing increasingly large sums to compete in the ever-evolving AI landscape, creating a “superintelligence team” that works toward achieving artificial general intelligence, or AGI.
Meta CEO Mark Zuckerberg has personally initiated a string
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