Meta Announces 8,000 Layoffs on May 20 as AI Investment Surges

Meta Platforms (NASDAQ: META) will lay off 8,000 employees on May 20, marking the first wave of a broader plan to cut 10% of its workforce as the company ramps up spending on artificial intelligence infrastructure. The layoffs, part of a strategic push for efficiency, come as Meta redirects resources toward AI technologies that it […] The post Meta Announces 8,000 Layoffs on May 20 as AI Investment Surges appeared first on the deep dive.