SMAJ CEO

#MetaPlansLayoffs Meta is planning significant layoffs, potentially affecting up to 20% of its workforce, as it shifts focus from virtual reality products to artificial intelligence. This move is part of a broader restructuring effort to offset AI infrastructure costs and improve efficiency. The company had previously cut 10% of its Reality Labs division, impacting around 1,500 employees. CEO Mark Zuckerberg is prioritizing AI development, investing in data centers and acquiring AI startups. This trend is seen across the tech industry, with companies like Amazon and Oracle also announcing job cuts... $BTC