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00:02Meta is laying off several hundred employees across Facebook,
00:06global operations, recruiting, sales, and reality labs, according to CNBC.
00:11Some affected workers are being offered new roles, which may require relocation.
00:16Meta said teams regularly restructure to meet goals,
00:19and that it is finding opportunities where possible.
00:22The cuts follow earlier layoffs in January that impacted more than 1,000 reality labs roles
00:27and about 10% of that unit.
00:29The layoffs come as Meta has been refocusing its efforts
00:32and pouring billions of dollars into artificial intelligence,
00:35where the social media giant has been racing to catch up to rivals like OpenAI, Anthropic, and Google.
00:41The company is increasing investment in artificial intelligence
00:45and hiring talent in generative AI and agents.
00:48For all things money, visit Benzinga.com.
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