Synopsis
Meta Platforms is cutting a few hundred jobs. These layoffs affect Reality Labs, social media, and recruiting teams. Some sales employees are also impacted. The company is managing rising costs from AI investments and employee compensation. Meta has nearly 79,000 employees. These cuts are a small part of the overall workforce.Reuters reported earlier this month that Meta was planning sweeping layoffs that could affect 20% or more of the company's workforce and that top executives had signaled the plans to other senior leaders and told them to begin planning how to pare back.
The cuts reported on Wednesday, which affects only a tiny portion of the company's overall workforce, will also impact a smaller number of employees in its sales unit, The Information report said.
The Facebook parent is seeking to offset rising costs tied to massive investments in artificial intelligence, having forecast total expenses of $162 billion to $169 billion in 2026, and rising employee compensation as the company spends millions to hire top AI talent.
Meta had nearly 79,000 employees as of December 31, according to its annual filing.
