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#MetaPlansLayoffs Meta Platforms has announced layoffs as part of its ongoing cost-cutting and restructuring strategy. The company aims to improve efficiency after rapid hiring during the pandemic. CEO Mark Zuckerberg described the period as a “year of efficiency,” focusing on reducing expenses and prioritizing key areas like artificial intelligence and the metaverse. Thousands of employees across different departments have been affected. Meta says the layoffs are intended to streamline operations and make the company more agile in a competitive tech industry. Despite the cuts, Meta continues investing heavily in AI, digital advertising improvements, and long-term virtual reality projects.