Anonymousabout 2 hours ago
Meta announced layoffs of 8,000 employees — 10% of its workforce — effective May 20, 2026, while simultaneously planning to nearly double capital expenditure to as much as $135 billion for AI infrastructure. The cuts target Reality Labs, recruiting, sales, and middle management, as the company restructures around AI-centric roles under new Chief AI Officer Alexandr Wang. Bank of America projects $7–8 billion in annualized savings from the reduction, but whether those savings meaningfully offset the company's unprecedented spending remains an open question among analysts and labor economists.