Meta to Lay Off Nearly 1,000 Employees Amid Record AI Spending

• Meta Platforms Inc. is cutting several hundred jobs across sales, recruiting, and Reality Labs divisions.
• Layoffs will impact employees in both US and international markets.
• Some affected employees may be offered alternative roles or relocation options.
• Meta spokesperson stated that teams regularly undergo restructuring to align with business goals.
• The restructuring comes as Meta ramps up AI spending, projecting record capital expenditure of up to $135 billion this year.