Meta to lay off 8,000 as part of AI efficiency push

Meta told staff Thursday it plans to lay off roughly 8,000 people, or around 10% of the company, two sources confirmed to Axios. Why it matters: The cuts underscore how soaring AI costs are pressuring even the biggest tech companies to cut jobs to protect margins and reassure investors. Zoom out: Meta's capital expenditures have ballooned in recent years, sparking investor concerns that excessiv
Source
Axios
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