Meta CEO links job cuts to rising infrastructure costs
Mark Zuckerberg told staff that Meta is cutting jobs to offset higher infrastructure costs. The firm plans a 10% workforce reduction starting on May 20.
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META PLATFORMS INC-CLASS A will cut 10% of its workforce on May 20 as CEO Mark Zuckerberg prioritizes infrastructure spending over headcount. The move follows a March report and marks Meta's first direct internal confirmation of the upcoming staff reductions. Investors are weighing Meta's pivot toward high-cost AI compute against its ability to maintain lean operational efficiency.
