Meta’s AI Appetite: 20% of Workforce Faces the Ax
On ‘Varney & Co.,’ Evercore ISI’s top executive, Mark Mahaney, discusses his investment selections.
The technology behemoth, Meta, is reportedly considering job cuts that could affect a minimum of one-fifth of its employee base, as it aims to counterbalance escalating artificial intelligence expenditures.
According to three sources knowledgeable about the situation, these reductions occur…