Meta to Slash 10% of Workforce Despite Massive AI Investments

Meta has announced plans to cut 10% of its workforce, a move that comes after the company spent billions of dollars on artificial intelligence. The layoffs, affecting one in ten employees, have raised questions about the company's strategy and financial priorities. Despite heavy investment in AI technologies, Meta is reducing its headcount, signaling a potential shift in operational focus. The decision underscores the growing pressure on tech giants to balance aggressive AI spending with cost efficiency.