‘Sweeping Layoffs’ at Meta Could Impact 16,000 Employees

Meta is planning layoffs which could affect “20% or more” of the company, according to reports. Three people familiar with the matter told Reuters about the alleged plans, as Meta tries to make up for the cost of expensive AI infrastructure bets and prepare for supposed efficiency boosts brought about by artificial intelligence tools. Most Severe Since “Year of Efficiency”? As of December 31, Meta employed nearly 79,000 people, according to its latest filing.