LayoffsMar 25 · 1d agoBloomberg
Meta Platforms Inc. is cutting several hundred jobs as part of a restructuring effort that’s impacting several teams at the company, including sales, recruiting and the Reality La...
Why it matters: Meta is reportedly cutting several hundred jobs across multiple teams, including sales, recruiting, and Reality Labs, while simultaneously investing...
LayoffsMar 18 · Mar 18CNBC Tech
Meta is scaling back its metaverse focus, cutting studios and headcount at Reality Labs to prioritize artificial intelligence.
Why it matters: Meta is reportedly scaling back its metaverse focus, including shutting down Horizon Worlds, to prioritize artificial intelligence.
LayoffsMar 16 · Mar 16CNBC Tech
Meta is planning capital expenditure of up to $135 billion in AI-related costs in 2026, which raised investors' fears around unsustainable spending.
Why it matters: Meta's stock is up nearly 3% in premarket trading amid plans for mass layoffs intended to offset increased AI spending.
AI NewsMar 25 · 1d agoTechCrunch
Meta CEO Mark Zuckerberg said in a memo to staff that small businesses have always been a big part of the company's business model, and that while tens of millions of entrepreneur...
Why it matters: Meta is launching a new initiative focused on supporting entrepreneurship and driving AI adoption.