Meta reportedly plans to lay off thousands of employees in the coming weeks as the tech giant restructures to focus on artificial intelligence.
The layoffs will primarily affect teams working on non-core initiatives, including VR hardware and other experimental projects, Bloomberg reported.
The company, formerly known as Facebook, has invested heavily in the metaverse, an immersive online world where people can interact with each other and digital objects.
- The company has also expanded its AI capabilities to improve its products and services.
- Despite the layoffs, Meta is expected to continue hiring in key areas like AI to remain at the forefront of these emerging technologies.
- Last month, Meta introduced a new language model called LLaMA (Large Language Model Meta AI).
