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.

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…

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…

Meta is moving 7,000 employees into AI-focused roles as Mark Zuckerberg accelerates the company’s artificial intelligence push amid layoffs.