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Meta cuts 8,000 jobs and cancels 6,000 hires as AI becomes the only bet that matters
Meta lays off 8,000 employees and cancels 6,000 hires while committing $145 billion to AI infrastructure, signaling a full retreat from the metaverse.
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thenextweb.com
Meta cuts 8,000 jobs amid record $56B quarterly revenue as Zuckerberg bets $145 billion on AI infrastructure
Employee morale has collapsed as Meta reports record profits while eliminating 10 per cent of its workforce. More layoffs are expected in August and autumn 2026 as the company…
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theverge.com
With mass layoffs plannned, Meta reassigns thousands of employees to AI initiatives.
The New York Times and Reuters report that a memo was sent to Meta employees on Monday reassigning 7,000 of them, and said that “As org leaders worked on the changes, many of them…
