Meta to Cut 8,000 Jobs in May as $135 Billion AI Bet Reshapes Its Workforce
Meta plans to eliminate 10% of its global workforce starting May 20, restructuring around AI-driven productivity as it nearly doubles capital spending to $135 billion.
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Meta plans to eliminate 10% of its global workforce starting May 20, restructuring around AI-driven productivity as it nearly doubles capital spending to $135 billion.
Apple is reportedly testing four frame styles for its first smart glasses, signaling a more consumer-friendly wearables push ahead of a possible 2027 launch.
Meta releases Muse Spark, a proprietary multimodal reasoning model from its new Superintelligence Labs unit, marking a sharp departure from its open-weight Llama strategy after a nine-month infrastructure rebuild.
Meta revealed a four-generation MTIA custom chip roadmap built with Broadcom on a 2nm process, committing to over one gigawatt of initial deployment as it accelerates its push to reduce reliance on Nvidia.
A 75-organization coalition is pressing Meta to permanently drop plans for a face-identifying feature on its AI glasses, calling it 'a red line society must not cross.'
The European Commission must deliver its first mandatory review of the Digital Markets Act by May 3, weighing calls to expand the law into AI and cloud services while fending off Trump administration tariff threats over $7 billion in cumulative tech fines.
Meta will strip end-to-end encryption from Instagram direct messages on May 8, citing low adoption, just eleven days before the Take It Down Act compels platforms to police intimate content.
CoreWeave secures a $21 billion expansion of its Meta partnership through 2032, bringing total commitments to $35.2 billion and reducing customer concentration risk ahead of NVIDIA Vera Rubin deployments.
Meta unveiled the Ray-Ban Meta Blayzer Optics and Scriber Optics, its first AI-powered smart glasses engineered from the ground up for prescription wearers, priced at $499 and shipping to U.S. retail on April 14.
Juries in Los Angeles and New Mexico found Meta and Google liable for addictive platform design and child safety failures, awarding $381 million and setting a legal precedent for thousands of pending cases.
Meta lays off roughly 700 employees across five divisions while weighing far deeper cuts of up to 20 percent of its workforce to offset AI infrastructure spending that could reach $135 billion this year.
A New Mexico jury ordered Meta to pay $375 million for enabling child exploitation, and a California bellwether jury found both Meta and YouTube negligent in designing addictive platforms that harmed a minor.