Meta Platforms is undergoing significant workforce restructuring, announcing the layoff of 11,000 employees due to a 3.7% decline in advertisement revenues and ongoing financial pressures, including a $9.4 billion loss in its Reality Labs division. This marks the company's largest workforce reduction in its history amid intensified competition and regulatory challenges. While facing immediate financial hardship, Meta remains focused on a long-term strategy emphasizing artificial intelligence, committing to substantial investments in this area to bolster competitiveness and drive future growth.
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