"According to the March 30 WARN filings, the company cut 74 employees from its office at 1180 Discovery Way in Sunnyvale and 124 employees from its office at 311 Airport Blvd. in Burlingame."
"Reality Labs has proved to be a drag on Meta's finances since 2021, securing billions in losses each quarter."
"Meta plans to cut 8,000 employees globally, or about 10% of the company's workforce, as it ramps up AI investments."
Meta's recent layoffs in California affected 198 employees across two offices, primarily in the Reality Labs division. The layoffs follow a significant incentive package for executives and come after previous cuts earlier in the year. Reality Labs has been a financial burden for Meta, incurring substantial losses. The company is also facing legal issues related to its AI glasses. Future layoffs are anticipated as Meta aims to reduce its workforce by 10% globally while increasing investments in AI infrastructure.
Read at SFGATE
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