Meta cuts hundreds of jobs amid AI investment

Meta is implementing layoffs affecting several hundred employees across various departments, including sales and recruiting, as well as its Reality Labs division. This restructuring impacts both U.S. and international staff, though some may be offered alternative roles or relocation. The job cuts occur while Meta significantly increases its investment in artificial intelligence, projecting record capital expenditures between $115 billion and $135 billion this year. This follows earlier layoffs in January within the Reality Labs division, highlighting a strategic shift as the company prioritizes AI development and faces ongoing operational adjustments.