Meta is reportedly laying off up to 20 percent of its staff

According to Reuters, Meta is looking to offset spending connected AI and data centers with a monolithic circular of layoffs. Sources acquainted with the substance accidental the institution could laic disconnected arsenic overmuch arsenic 20 percent of its staff, eliminating astir 15,800 positions. That would beryllium the largest bid of layoffs astatine the institution since it terminated 22,000 workers implicit conscionable a fewer months betwixt November 2022 and early 2023.

Word of the imaginable downsizing comes aft Meta signaled that it was each but giving up connected VR and the Metaverse, slashing budgets and closing studios. Instead, the institution has been spending large to pull AI talent, physique data centers, and ac …

Read the afloat communicative astatine The Verge.