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Story summary
- Meta Platforms, Inc. is weighing layoffs affecting at least 20% of its workforce, potentially around 16,000 jobs.
- The move aims to manage rising costs tied to artificial intelligence infrastructure.
- Senior executives have discussed the plans internally.
- A Meta spokesperson described the reports as speculative.
- If implemented, the cuts would be the largest since 21,000 jobs were cut in late 2022 and early 2023.
