Meta Cutting Several Hundred Jobs Across Multiple Divisions Meta is laying off several hundred employees on Wednesday, according to CNBC. The layoffs are affecting multiple departments within the company, including Facebook, global operations, recruiting, sales, and its virtual reality division, Reality Labs. A source familiar with the company’s plans confirmed the restructuring, though they requested anonymity due to confidentiality concerns. Some impacted employees are being offered new roles within the company, though in some cases, these positions may require relocation. A Meta spokesperson stated that teams across the company regularly undergo restructuring to align with strategic goals. The spokesperson added, “Where possible, we are finding other opportunities for employees whose positions may be impacted.” The layoffs come as Meta shifts its focus toward artificial intelligence, investing billions of dollars to compete with rivals like OpenAI, Anthropic, and Google. This move follows previous cuts in January, when Meta laid off employees in its Reality Labs division and shut down several VR studios. Those layoffs affected over 1,000 jobs, representing about 10% of the unit responsible for Quest VR headsets and the Horizon Worlds virtual social network. The company has also been scaling back its VR ambitions, with recent reports indicating a reduction in the number of VR titles in development. Meta’s stock rose nearly 3% in March after Reuters reported that the company could cut more than 20% of its workforce. However, a Meta spokesperson at the time dismissed the report as speculative, emphasizing that the company had not confirmed any such plans. Despite the layoffs, Meta continues to prioritize hiring talent in generative AI and related technologies.#meta #cnbc #reality_labs #hugo_barra #dreamer
