Meta cutting several hundred jobs across Reality Labs, Facebook and other departments
The layoffs come as Meta has been refocusing its efforts and pouring billions of dollars into AI.
TL;DR
- Meta is laying off several hundred employees across multiple departments.
- Impacted divisions include Facebook, global operations, recruiting, sales, and Reality Labs.
- Some employees may be offered new roles within the company, potentially requiring relocation.
- The layoffs coincide with Meta's significant investment and refocus on artificial intelligence.
- Meta previously laid off over 1,000 employees in its Reality Labs division in January.
- The company is also focusing on acquiring talent in generative AI and AI agents.
- Top executives are being offered a new stock option incentive program to aid retention.