Meta reportedly plans sweeping layoffs as AI costs increase

Sources tell Reuters layoffs could affect 20% or more of company as plans reflect broader tensions within big tech

Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters, as Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.

No date has been set for the cuts and the magnitude has not been finalized, the people said.