Meta weighing massive 20% workforce layoffs in effort to offset AI infrastructure costs: report

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Meta weighing massive 20% workforce layoffs in effort to offset AI infrastructure costs: report
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the tech giantWhen reached for comment, a Meta spokesperson told FOX Business, “This is a speculative report about theoretical approaches.” According to Reuters, top Meta executives recently shared plans for the proposed layoffs with other senior leaders at the company.

If the company were to slash 20% of its employees, the layoffs would amount to Meta’s largest restructuring since 2022 and early 2023, the outlet said.Meta employed nearly 79,000 people as of Dec. 31, according to its latest filing. Other major companies, including Amazon, have recently announced large-scale layoffs tied to AI developments.In January, Amazon cut around 16,000 jobs and signaled at the time that more reductions could follow. The company previously announced a first round of cuts totaling about 14,000 white-collar layoffs in October, bringing its corporate reductions to roughly 30,000 roles. In making the cuts, which represented nearly 10% of its white-collar workforce, Amazon cited efficiency gains from artificial intelligence and broader cultural changes.Rep. Jasmine Crockett's fugitive security guard killed in standoff with Dallas SWAT team: report‘The Madison’ star Kevin Zegers had to fight for role on new Taylor Sheridan show Bill Maher Tells #OscarsSoWhite Critics to “Take the Win” on ‘Real Time’: “The Oscars Are a Long, Boring Show Full of All People” Stream It Or Skip It: 'Scarpetta' On Prime Video, Where Nicole Kidman Is A Medical Examiner Who Is Haunted By Serial Killings She Thought She Solved Two Decades Ago

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