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Meta AI spending and layoffs

Meta AI spending and layoffs

National · 2 updates

Mark Zuckerberg lays off 8,000 employees, spends $130B on AI

Meta CEO Mark Zuckerberg says AI has “net created a lot of jobs” thanks to the massive infrastructure buildout, dismissing fears of AI job losses. His remarks come months after Meta laid off 8,000 employees—10% of its workforce—in an AI-first restructuring, while committing $130-145 billion to AI spending in 2026. Meta’s Q2 free cash flow crashed 91% as shares fell 10%, even as revenue jumped 28% to $60.8 billion.

Mark Zuckerberg gave an update on ‘Meta's 4 am layoff email’ to employees

Meta's CEO Mark Zuckerberg addressed the recent layoffs alongside substantial investments in artificial intelligence. Despite reporting impressive revenue growth, the surge in expenses, particularly from severance and legal fees, negatively influenced the second quarter's operating income. The company is committed to advancing its AI infrastructure to pave the way for future innovations and anticipates a reduced headcount due to the layoffs.