Zuckerberg Addresses Meta Layoffs Amid Heavy AI Investment and Rising Costs
Meta CEO Mark Zuckerberg has spoken to employees about the company's recent wave of layoffs, which were communicated via an early-morning email. While Meta reported strong revenue growth, its second-quarter operating income took a hit due to rising costs, including severance packages and legal fees. The company is making significant investments in artificial intelligence infrastructure as part of its long-term strategy. As a result of the layoffs, Meta expects its overall workforce size to decline in the coming period.
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