Report: Meta Plans ‘Sweeping Layoffs’ as AI Woes Mount

Mark Zuckerberg’s company is considering drastic measures after a key product failed to live up to expectations. 

BY BEN SHERRY, STAFF REPORTER @BENLUCASSHERRY

Illustration: Inc.; Photos: Getty Images

Meta is considering “sweeping layoffs” that could see the company cut up to 20 percent or more of its workforce, according to Reuters. The social media conglomerate—whose subsidiaries include Facebook, Instagram, and WhatsApp—is reportedly looking to offset its growing AI expenses by shedding a significant number of employees, in part because the company believes that AI-assisted workers will bring “greater efficiency.” 

Reuters said that the magnitude of the cuts haven’t been finalized, and a date for when........

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