Meta Is Cutting Several Hundred Jobs Amid Record AI Spending

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.