tech
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.