NEW YORK/SAN FRANCISCO (March 13): Meta is planning sweeping lay-offs ​that could affect 20% or more of the company, three sources familiar with the matter told Reuters, as ‌Meta seeks to offset costly artificial intelligence (AI) infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers. Top executives have recently signalled the plans to other senior leaders at Meta and told ​them to begin planning how to pare back, two of the people said. "This is speculative reporting about theoretical approaches," Meta spokesperson Andy Stone ⁠said in response to questions about the plan. Zuckerberg focusing on generative AIOver the last year, chief executive officer Mark Zuckerberg has been pushing Meta to ​compete more forcefully in generative AI. Meta is also spending at least US$2 billion to buy Chinese AI start-up Manus, Reuters previously reported.

Source: The Edge Markets March 14, 2026 03:14 UTC