Meta cuts 700 jobs across Reality Labs and Facebook as AI spending soars to $135 billion
Meta has laid off approximately 700 employees across Reality Labs, Facebook, recruiting, and sales divisions as it accelerates its strategic pivot to AI. The cuts come as the company plans capital expenditures of up to $135 billion in 2026—nearly double last year's spending—to build data centers and AI infrastructure. Reality Labs, which has accumulated roughly $90 billion in losses since its creation, bore the heaviest impact as Meta shifts focus from the metaverse to artificial intelligence and wearable technology.
