Meta lays off hundreds of employees amid AI push

Meta Platforms initiated layoffs of a few hundred employees across multiple teams on March 26 to offset rising AI infrastructure costs, which are projected to reach $162 billion in total expenses. The cuts occur as the company continues heavy investment in frontier AI development. This matters because it underscores the capital intensity and efficiency trade-offs major hyperscalers face to sustain competitive AI scaling and talent retention in the global race.