Meta is reportedly laying off up to 20 percent of its staff
According to Reuters, Meta is looking to offset spending on AI and data centers with a massive round of layoffs. Sources familiar with the matter say the company could lay off as much as 20 percent
Word of the potential downsizing comes after Meta signaled that it was all but giving up on VR and the Metaverse, slashing budgets and closing studios. Instead, the company has been spending big to attract AI talent, build data centers, and ac …
Read the full story at The Verge.
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