Meta says Mark Zuckerberg isn't interested in Seahawks
Digest more
Meta CEO Zuckerberg told employees at a town hall that further layoffs aren't ruled out. Here is what he said and what it means for the company.
Meta spent $72.2 billion on capex in all of 2025. The midpoint of its new 2026 guidance would nearly double that figure in a single year.
Mark Zuckerberg says Meta's plan to cut about 10% of its workforce is tied to increased AI investment, while leaving the door open to additional layoffs.
By Katie Paul NEW YORK, April 30 (Reuters) - Meta Chief Executive Mark Zuckerberg attributed the Facebook parent's planned layoffs to increased capital spending for AI, and declined to rule out further job cuts,
The CEO addressed employees for the first time since Meta confirmed plans to cut about 10% of its workforce starting May 20
In an internal meeting with employees, the CEO said May layoffs were due to slower sales during the U.S. war in Iran and increased spending on AI infrastructure.
Meta CEO Mark Zuckerberg said that AI agents showed promise for the future — but many weren't ready for his mom.
The AI boom is still gaining steam.
Meta’s shares drop by 10pc on Thursday after investors baulked at Mark Zuckerberg’s plans for a $145bn (£108bn) AI spending blitz.