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Meta reportedly planning sweeping layoffs to offset AI costs

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(KRON) — Facebook parent company Meta is reportedly planning sweeping layoffs to offset expenses for its aggressive development of artificial intelligence. According to a widely cited report in Reuters, the company plans to slash its current company headcount by 20%. While no definitive timeline for the layoffs has been made clear, the social media company’s […]

​(KRON) — Facebook parent company Meta is reportedly planning sweeping layoffs to offset expenses for its aggressive development of artificial intelligence. According to a widely cited report in Reuters, the company plans to slash its current company headcount by 20%. While no definitive timeline for the layoffs has been made clear, the social media company’s […] 

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