Meta is reportedly considering layoffs that could affect 20% of the company

Meta is considering significant layoffs that could affect 20% or more of the company’s workforce. According to Reuters.

These layoffs could help Facebook’s parent company recoup its losses Huge spending on AI infrastructurebesides AI-related acquisitions and hiring. Meta employed nearly 79,000 people as of Dec. 31, according to a recent filing.

TechCrunch has reached out to Meta for comment. A company spokesperson told Reuters that its story was “speculative reporting on theoretical methods.”

The report comes as many technology companies – The last one is Block – They announced widespread layoffs that they say are necessary as artificial intelligence automates more work. But some Criticsand Even executives like OpenAI’s Sam AltmanIt has been suggested that many of these reductions are “Artificial intelligence washing“, where the executives Use AI as a cover for other issuessuch as over-hiring during the pandemic.

The last time Meta announced layoffs of this size was in November 2022, when they were made Eliminate 11 thousand jobsfollowed by Another 10,000 in March 2023.