Zuckerberg says Meta layoffs tied to AI spending, won't rule out future cuts

Mark Zuckerberg says Meta's plan to cut about 10% of its workforce is tied to increased AI investment, while leaving the door open to additional layoffs.

Mark Zuckerberg blames slower sales on war, layoffs on AI costs in meeting

In an internal Q&A with employees, Meta’s CEO says company will shrink teams and develop more new apps as AI changes workflows.
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Zuckerberg tells Meta employees the layoffs are about capex, not AI productivity

Mark Zuckerberg told Meta employees on Thursday that the May 20 layoffs are driven by AI capital spending rather than AI productivity gains.

Meta shares plunge 10pc as Zuckerberg plans $145bn AI spending drive

Meta’s shares drop by 10pc on Thursday after investors baulked at Mark Zuckerberg’s plans for a $145bn (£108bn) AI spending blitz.