Meta Cuts 8,000 Jobs to Fund AI Spending

Meta will slash 10 percent of its workforce, roughly 8,000 employees, next month while ramping up AI investment to $135 billion. The company will also leave thousands of open positions unfilled, marking its largest round of layoffs since 2023. CEO Mark Zuckerberg cited AI-driven productivity gains as justification, saying one worker can now do what once required a large team. Meta joins Amazon, Oracle, Block, and Snap in cutting thousands of jobs while citing growing AI capabilities as a key factor.