With the Metaverse Canceled and Zuckerberg Training AI to Run the Company, Meta Is Slashing Its Headcount

Meta cut about 700 jobs from a global workforce of roughly 78,000.

Reality Labs was affected by this latest round of layoffs.

Reality Labs previously cut about 1,500 employees in January and has lost roughly $80 billion.

Meta unveiled a new stock program for top executives that could let them buy additional Meta shares if it runs for five years.

Zuckerberg is reportedly training a CEO AI agent to help him, and performance reviews now evaluate how employees use AI tools.