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Meta laid off hundreds of employees this week, just months after notable cuts to its virtual reality and metaverse division. These job losses amount to less than one percent of the company’s overal...

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Source: www.fastcompany.com

Meta laid off hundreds of employees this week, just months after notable cuts to its virtual reality and metaverse division. These job losses amount to less than one percent of the company’s overall workforce, reportedly impacting about 700 employees across a number of departments. But recent headlines indicate there’s likely more to come: Earlier this month, Reuters reported that Meta was planning large-scale cuts to its workforce that could slash 20% of jobs—or more—to help offset the company’s investments in artificial intelligence. (At the time, Meta dismissed those claims as “speculative reporting about theoretical approaches.”) Layoffs are not exactly unexpected in the current environment, where employers feel emboldened to use AI as a justification for trimming headcount; companies like Amazon and Block have cut thousands of jobs since the start of the year. What might be more interesting, however, is how Meta went about its latest round of cuts. According to Business Insider, m

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