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⚡Meta Layoffs To Be Implemented Because of Capital Spending, Says Mark Zuckerberg

By Team Latestly

Meta CEO Mark Zuckerberg confirmed that the company's upcoming 10% workforce reduction on May 20 is driven by the need to redirect capital toward AI computing infrastructure. While he stated that AI-led efficiency is not yet the cause of layoffs, he declined to rule out further cuts later this year.

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