Meta planning sweeping layoffs
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In a talk at GDC, a Meta exec has tried to brighten up the gloom around Meta Quest's future with some more optimistic updates and statistics from 2025.
Meta may cut up to 20% of its workforce as it doubles down on AI spending, a shift that could boost earnings but reshape the company.
Meta may cut up to 20% of its workforce as it ramps up AI infrastructure spending and restructures engineering teams.
Meta is planning capital expenditure of up to $135 billion related to AI this year.
On Wednesday, Meta unveiled four new artificial intelligence chips: The MTIA 300, MTIA 400, MTIA 450, and the MTIA 500.
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