Meta Is Cutting Several Hundred Jobs Amid Record AI Spending

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Meta:Meta headquarters in Menlo Park, California.Meta Platforms Inc. is cutting several hundred jobs as part of a restructuring effort that’s impacting several teams at the company, including sales, recruiting and the Reality Labs hardware division. The layoffs will affect employees both in the US and other international markets, according to a person familiar with the matter. Some of the personnel impacted will be offered other jobs, or a chance to move to another location to stay at the company, the person said.