META TARGETS 20 MAY FOR 8,000 LAYOFFS AS IT REDIRECTS BILLIONS TOWARD AI INFRASTRUCTURE

Summary from the TLDR newsletter

Meta plans to cut approximately 10% of its workforce starting on May 20. The layoffs will hit teams across Reality Labs, the Facebook social division, recruiting, sales, and global operations. The restructure is being driven by a reallocation toward AI infrastructure spending. Teams will be reorganized into AI-focused 'pods' under Superintelligence Labs.