Meta, the parent company of tech giant Facebook, plans to lay off approximately 600 employees in its artificial intelligence division. Reportedly, these layoffs do not affect employees of its newly established TBD lab, which previously hired top AI researchers from competitors such as OpenAI and Apple at high salaries. The layoffs are reportedly intended to address organizational bloat stemming from a massive hiring spree to rapidly advance its AI projects. Meta has reportedly been actively adjusting its AI strategy in recent months to keep pace with its competitors, investing billions of dollars in infrastructure projects and talent acquisition.