Meta to lay off 8,000 as part of AI efficiency push

Meta told staff Thursday it plans to lay off roughly 8,000 people, or around 10% of the company, two sources confirmed to Axios. Why it matters: The cuts come as Meta looks to offset rising AI infrastructure costs. Zoom out: Meta's capital expenditures have ballooned in recent years, sparking investor concerns that excessive AI spending will eat into profits.In January, the company said it expects capex to soar by at least 60% this year compared with 2025, "driven by increased investment to supp...