"Meta is expected to cut upwards of a fifth of its workforce, translating to at least 15,000 lost roles, marking its deepest staffing reduction since late 2022."
"The company plans to invest between $115 billion and $135 billion on artificial intelligence infrastructure in 2026, which is double the amount spent in 2025."
"Earlier this year, Meta dismissed between 10 percent and 15 percent of workers in its Reality Labs division, indicating ongoing workforce reductions."
Meta's advertising and wearables units have been instructed to work from home ahead of anticipated job cuts, potentially affecting 20% of its workforce. This could mean a reduction of at least 15,000 roles, marking the company's largest staffing cut since late 2022. The company is reallocating resources towards artificial intelligence, with plans to invest between $115 billion and $135 billion in AI infrastructure in 2026. Previous layoffs in the Reality Labs division have already reduced staff by 10-15%. Other tech companies have also announced workforce reductions this year.
Read at Quartz
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