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Meta Platforms, the parent company of various tech divisions, has initiated a strategic move to reduce its employee count by a few hundred individuals. The layoffs primarily impact departments such as Reality Labs, social media, recruiting, and certain sales roles. This decision comes as Meta grapples with increasing expenses related to investments in artificial intelligence technologies and employee salaries. With a workforce totaling close to 79,000 employees, the reduction in staff size represents a small fraction of Meta’s overall personnel.
Source: Tech-Economic Times