If Meta settles on the 20 per cent figure, the layoffs will be its most significant since a restructuring in late 2022 and early 2023 that it dubbed the "year of efficiency". NEW YORK/SAN FRANCISCO: Meta is planning sweeping layoffs that could affect 20 per cent or more of the company, three sources familiar with the matter told Reuters. This comes as Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.