Meta Is Axing up to 16,000 Jobs to Fund Its AI Ambitions — and It's Just the Beginning

The AI arms race is getting expensive, and someone has to pay for it. This week, Meta became the latest tech giant to signal that the bill is coming due - in the form of its workforce. Reuters broke the story on Friday: Meta is preparing sweeping layoffs that could affect 20% or of its roughly 79,000 employees. That's up to 16,000 people out the door - than the 11,000 cut in 2022 and the 10,000 axed in 2023 combined.