Meta says it will cut 8,000 jobs as AI spending grows - BBC

Meta announced it would cut about 8,000 jobs while shifting significant resources into AI, reflecting a major strategic reallocation driven by rising AI costs and capital spending. The company has begun executing that plan, sending layoff notices to roughly 10% of employees and providing severance package information to those affected. Even with revenue growth, higher capital expenditure expectations have pressured near‑term profitability and prompted the reorganization toward AI.