Meta is laying off hundreds of employees as it pours money into AI
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TL;DR
- Meta is conducting new layoffs affecting Reality Labs, recruiting, social media, and sales teams.
- The company is reallocating resources, investing heavily in AI data center buildout.
- Meta previously laid off around 1,000 workers from Reality Labs in January and made other metaverse-related cutbacks.
- Despite past decisions, Meta has reversed its decision to shut down the VR version of Horizon Worlds.