Meta Platforms (META) stock is facing a fresh test after Reuters reported that the social-media giant explored cutting the size of some teams by as much as 60% as part of an aggressive AI restructuring effort.
The plan, known internally as Project OT, or Organization Transformation, was designed to make Meta more “AI native” by replacing some traditional roles with AI-powered workflows and smaller teams. In May, Meta eliminated about 8,000 jobs, or roughly 10% of its workforce while shelving a planned second round of cuts after internal productivity results and employee resistance raised concerns.
