Meta Platforms will lay off several hundred employees Wednesday across its Reality Labs division, social media teams, recruiting, and a smaller number in sales.
The move affects only a small fraction of Meta’s nearly 79,000-person workforce but aligns with broader cost-containment efforts as the company pours billions into artificial intelligence.
Meta forecasts total expenses between $162 billion and $169 billion by 2026, driven by aggressive AI hiring and rising compensation costs.