Meta Platforms is reportedly planning layoffs that could affect 20 percent or more of its workforce, according to sources cited by Reuters.
The potential cuts are part of an effort to offset rising costs tied to the company’s massive investments in artificial intelligence infrastructure.
No final decision has been made on the size or timing of the layoffs, though executives have reportedly asked senior leaders to prepare plans to reduce staff.
If implemented at the proposed scale, the layoffs would be Meta’s largest since the company’s restructuring in 2022 and 2023, when CEO Mark Zuckerberg declared a “year of efficiency.”
Meta currently employs nearly 79,000 people worldwide, according to its latest filings.
The company has been aggressively investing in generative AI in an attempt to compete with firms such as OpenAI and Anthropic.
Meta has also offered lucrative compensation packages to attract leading AI researchers to a new superintelligence team.
At the same time, Zuckerberg has suggested that advances in AI could enable companies to operate with smaller teams, noting earlier this year that some projects that previously required large groups can now be completed by a single highly skilled engineer.
