Sources: Meta plans sweeping layoffs that could affect 20% or more of the company, amid mounting AI infrastructure costs; it had ~79,000 employees as of Dec. 31 (Reuters)

TechMeme
AI Business

Reuters: Sources: Meta plans sweeping layoffs that could affect 20% or of the company, amid mounting AI infrastructure costs; it had ~79,000 employees as of Dec. 31 - Meta (META. O) is planning sweeping layoffs that could affect 20% or of the company, three sources familiar with the matter told Reuters …