Meta plans to lay off about 8,000 employees as AI spending soars

A logo of Meta AI sits outside the Meta House on the opening day of the 55th annual meeting of the World Economic Forum in Davos, Switzerland, January 20, 2025. YVES HERMAN / REUTERS

Meta plans to cut a tenth of its workforce, looking for productivity gains from its remaining workers as it invests heavily in artificial intelligence.

Meta will lay off about 8,000 employees and leave thousands of other positions next month, a source told Agence France-Presse (AFP).

The move comes as co-founder and chief executive Mark Zuckerberg makes a priority of delivering "superintelligence" in a costly AI race against rivals including Amazon, Google, Microsoft and OpenAI.

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