Meta is set to announce its deepest layoffs yet as the company aims to trim approximately one-tenth of its workforce.

According to sources familiar with the matter, the planned cutbacks are a result of the enormous investments made in artificial intelligence (AI) research and development, which have proven to be more capital-intensive than anticipated. As Meta continues to push the boundaries of AI, it has become increasingly clear that the company cannot sustainably maintain a significant presence across multiple platforms without reevaluating its operational costs. While the layoffs are expected to affect hundreds of employees, many of whom work on AI projects, others will also be impacted as various departments are realigned or downsized. It remains unclear at this point which specific areas of the organization will bear the brunt of the cutbacks. Despite these challenges, Meta’s leadership is optimistic about the long-term prospects for AI and its potential to drive growth and innovation across the company. As a result, many of the employees who are leaving the company are being offered generous severance packages and support to help them transition to new roles within the organization or elsewhere. The latest round of layoffs marks Meta’s second major restructuring effort in recent years, as the company has faced growing scrutiny over its handling of user data and its impact on society. As Meta continues to navigate these challenges, it will be watching the outcome of these layoffs with great interest to see whether the investments made in AI can ultimately yield positive returns for the company. In a statement released earlier today, Meta said that while the layoffs are “tough decisions,” they were necessary to ensure the company’s long-term success and competitiveness in the rapidly evolving tech landscape.