Zuckerberg Addresses Meta Layoffs Amid Heavy AI Investment and Rising Costs

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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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