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Meta plans to lay off employees amid rising artificial intelligence costs Recent reports indicate that Meta Platforms is planning a major restructuring that includes laying off up to 20% or more of its employees. This move comes as spending on artificial intelligence projects rises, especially after some metaverse and virtual reality projects did not yield the expected returns. The reductions will primarily focus on the Reality Labs division, although the company has not yet released any official details regarding the number of affected employees or the timeline for implementation. 📌 This step reaffirms Meta's shift towards artificial intelligence as a strategic priority, reflecting the trend of major technology companies to realign their priorities. Source: Reuters⁠ #MetaPlansLayoffs