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 of its staff, eliminating roughly 15,800 positions. That would be the largest series of layoffs at the company since it terminated 22,000 workers over just a few months between November 2022 and early 2023.
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.
The Verge
Welcome to Triple Star News! I am your Editor, your go-to source for staying informed and up to date on a wide array of themes and topics. My dedicated team of journalists and reporters works tirelessly to bring you timely and comprehensive news coverage that caters to your diverse interests and curiosities. From current events and politics to technology, entertainment, health, and beyond, I’ve got you covered. I pride myself on delivering information in a clear, concise, and engaging manner, accessible to readers of all backgrounds. Join me on Triple Star News and embark on a journey of discovery, staying informed, and expanding your horizons. Let the world unfold before your eyes.
