Meta plans 10% job cuts for efficiency

Meta Platforms intends to reduce its workforce by 10%, impacting around 8,000 employees, as part of an initiative to improve efficiency. This strategic decision is also aimed at offsetting the considerable financial outlay required for its advanced artificial intelligence development. The company is focusing on streamlining its operations to better manage costs and invest in key growth areas. This move reflects a broader trend in the tech industry towards optimizing resources and prioritizing investments in emerging technologies like AI, while potentially scaling back in other areas.