Meta in the first quarter reported $56.31 billion in revenue, its biggest year-over-year increase in five years.

Meta is shifting 7,000 employees into AI roles while cutting 8,000 jobs as Mark Zuckerberg intensifies the company's AI push.

Roughly 8,000 employees will be laid off and another 7,000 reassigned as Meta tries to keep pace in the AI race.

Meta starts fresh global layoffs affecting thousands as Zuckerberg pushes aggressive AI investments and major workforce restructuring plans.