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Story summary
- Meta Platforms, Inc. (Meta) could lay off over 20% of its workforce while investing billions in artificial intelligence (AI) infrastructure.
- Meta employed nearly 79,000 people as of December 31.
- Executives are instructed to devise cost-saving strategies.
- Mark Zuckerberg, CEO of Meta Platforms, Inc., is pushing for aggressive AI competition despite Llama 4 setbacks and AI delays, as layoffs would be the largest since the 2022–2023 'year of efficiency'.
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