Cuts appear to hit sales, product, and marketing, accounting for under 10% of staff
O'Ryan Johnson O'Ryan Johnson
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Meta cuts about 700 jobs as it shifts spending to AI
Oracle has ratcheted up its capital expenditures as it builds data center infrastructure that can handle AI workloads.
Meta is seeking to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by…
Company chaired by Trump ally Larry Ellison seeks to reassure investors that bet on AI infrastructure will pay off
Meta said it's cutting 10% of its workforce, just as Microsoft announced that it's offering employee buyouts for the first time…
Sources tell Reuters layoffs could affect 20% or more of company as plans reflect broader tensions within big tech
The cuts come as Meta has been pouring billions of dollars into AI
