Revision History

1 revisions for "Meta Is Cutting Thousands of Jobs to Fund a $135 Billion AI Bet. Here's What's Really Happening."

Meta is laying off hundreds of employees across five divisions — Reality Labs, Facebook, global operations, recruiting, and sales — as part of a broader plan to cut up to 20% of its 79,000-person workforce in 2026. The reductions coincide with the company nearly doubling its AI capital expenditure to $115-$135 billion, funding data centers, next-generation language models, and AI-powered advertising tools while scaling back its metaverse ambitions after $83.6 billion in Reality Labs losses.