Exclusive: Meta planning sweeping layoffs as AI costs mount
Exclusive: Meta planning sweeping layoffs as AI costs mount
Publish Date: 2026-03-13 20:17:00
Source Domain: www.reuters.com
- Meta is considering layoffs that could impact 20% or more of its workforce as part of efforts to offset costly AI infrastructure.
- The company is expected to invest $600 billion in data centers by 2028 for AI development, with AI expected to bring greater efficiencies.
- CEO Mark Zuckerberg is focusing on strengthening Meta’s generative AI capabilities by investing heavily in AI research and talent acquisition.
- Meta recently made significant AI-related acquisitions, including buying Chinese AI startup Manus for at least $2 billion and the social networking platform Moltbook.
- The company has been experiencing setbacks with its AI models, particularly with the abandonment of the Behemoth model.
- Meta’s moves reflect broader industry trends where major tech firms are looking to leverage AI for operational efficiencies by downsizing to accommodate new AI-driven processes.
