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Meta Announces Layoffs to Ease Pressure from High AI Spending

By: M 5 hours ago

Meta has announced a new round of large-scale layoffs to improve operational efficiency and offset pressure from AI-related expenses. The company plans to cut approximately 10% of its workforce, affecting about 8,000 positions. The layoffs will take effect on May 20. Additionally, the company will cancel 6,000 previously planned job openings.

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5 hours ago
Meta Announces Layoffs to Ease Pressure from High AI Spending
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