Meta Platforms ​is laying off a few hundred people across multiple teams on Wednesday, a source familiar with ⁠the matter told Reuters.

Reuters reported earlier this ⁠month that Meta was ‌planning sweeping layoffs that ​could affect 20 per cent or more of the company's workforce and that top executives had signaled the plans to other senior leaders ​and told them ⁠to begin planning how to pare back.

Wednesday's layoffs were on a smaller scale. According to an earlier report in ⁠The ‌Information, the cuts would affect Meta's Reality Labs division, social media teams ‌and recruiting operations.

"Teams across Meta regularly restructure ⁠or implement changes to ensure they're in the best position to ‌achieve their goals. Where possible, we ‌are finding other opportunities for employees ‌whose positions may be impacted," ‌a Meta spokesperson said in a statement.

The Facebook parent is seeking to offset rising costs tied to ⁠massive investments ⁠in artificial intelligence, having forecast total expenses of 162 billion dollars to 169 billion dollars in 2026, and rising employee compensation as the company spends millions to hire top AI talent.