Meta says it will cut 8,000 jobs as AI spending grows
Sandy Verma | April 24, 2026 4:24 AM CST
A key reason for the layoffs is Meta’s increased spending in other areas of the company, including AI, for which it will this year spend $135bn (£100bn). This is roughly equal to the amount it has spent on AI in the previous three years combined, according to a person who viewed the memo.
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