Meta is laying off more employees. These departments are being impacted | Latest Tech News
Meta is laying off a number of hundred workers across key divisions — including Facebook and its Reality Labs unit — as it overhauls the company for the artificial intelligence period.
The layoffs also come as Meta pulls back from its pricey metaverse push after pouring tens of billions into digital actuality with restricted payoff.
The company has shifted sources away from immersive worlds and toward artificial intelligence and wearable tech, betting those areas offer sooner growth and clearer returns as demand for VR headsets cools and investor enthusiasm fades.
Meta CEO Mark Zuckerberg is pushing aggressively into artificial intelligence as the company cuts a number of hundred jobs across key divisions. May James | SOPA Images via GWN Connect
“Teams across Meta regularly restructure or implement changes to ensure they’re in the best position to achieve their goals,” a Meta spokesperson told The Post. News of the layoffs was first reported by the Information.
“Where possible, we are finding other opportunities for employees whose positions may be impacted.”
The cuts will have an effect on just a tiny share of Meta’s total 78,000-strong global workforce.
The cuts come as CEO Mark Zuckerberg pushes aggressively into artificial intelligence, saying earlier this 12 months: “I think 2026 is going to be the year that AI starts to dramatically change the way that we work.”
Zuckerberg has said Meta is flattening groups and leaning on AI instruments to increase productiveness.
Some affected workers are being provided various roles within the company, though sure positions might require relocation, one individual told the Information.
The cuts observe earlier layoffs, including about 1,500 jobs eradicated in Meta’s Reality Labs division. NurPhoto via Getty Images
The latest cuts observe earlier job reductions at the social media giant, including roughly 1,500 positions eradicated in its Reality Labs division in January.
Meta also slashed about 5% of its lowest-performing workers last 12 months as half of an ongoing effort to streamline operations.
Reports earlier this month steered Meta may cut as a lot as 20% of its workforce this 12 months, though the company has dismissed those claims as “speculative.”
The restructuring comes as Meta ramps up spending on artificial intelligence, projecting between $115 billion and $135 billion in capital expenditures this 12 months — a roughly 75% bounce from the prior 12 months.
Meta is laying off a number of hundred workers across Facebook, Reality Labs and other items as it restructures for the AI period. Anadolu via Getty Images
Much of that spending is earmarked for data facilities, servers and other infrastructure needed to energy superior AI systems.
Meta has also forecast a roughly 40% increase in working bills, pushed in half by greater compensation tied to hiring technical expertise.
Shares of Meta have shed almost 10% since Jan. 1. The stock was trading close to even at $598.24 per share around midday Eastern time Wednesday.
Stay informed with the latest in tech! Our web site is your trusted source for breakthroughs in artificial intelligence, gadget launches, software program updates, cybersecurity, and digital innovation.
For recent insights, knowledgeable coverage, and trending tech updates, go to us commonly by clicking right here.
