Meta ‘planning sweeping lay-offs’ as AI costs mount - News Summed Up

Meta ‘planning sweeping lay-offs’ as AI costs mount


Meta chief executive Mark Zuckerberg has been pushing to compete more forcefully in generative AI. Photograph: GettyMeta is planning sweeping lay-offs that ‌could affect 20 per cent or more of the company, three sources told Reuters. “This is speculative reporting about theoretical approaches,” Meta spokesperson Andy Stone said in response to questions about the plan. Over ​the last year, chief executive Mark Zuckerberg has been pushing Meta to compete more forcefully in generative AI. Meta is also spending at least $2 billion to buy Chinese AI start-up Manus, Reuters has reported.


Source: The Irish Times March 14, 2026 14:12 UTC



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