Meta to Slash 8,000 Jobs Amid Record $135bn AI Spend

Meta has notified employees it will cut about 10% of its workforce next month, axing roughly 8,000 roles and freezing thousands of open positions. The decision comes as the company shifts resources toward artificial intelligence, planning to invest $135bn in AI projects this year—about the same amount it spent on AI over the past three years combined. Mark Zuckerberg recently noted that workers using AI tools have become far more productive, predicting that AI will dramatically reshape how we work by 2026. Internal memos first reported by major news agencies suggest even deeper cuts could follow later this year.

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