From Quartz.

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Meta stock rose about 3% in premarket trading on reports of potential layoffs, while the company called the claims speculative. The reported Meta layoffs could affect 20% or more of roughly 79,000 employees, with no date or final number set. The developments coincide with AI spending plans of $115–$135 billion this year and active hiring for a superintelligence team. If cuts reach 20%, more than 15,000 jobs could be eliminated, the biggest since 2022–2023 reductions. Mark Zuckerberg said AI investments are improving efficiency, and Jefferies analysts viewed potential cuts as a positive signal for investors. Amazon and Block also reduced staff while ramping AI efforts, reflecting a sector pattern of reallocating costs toward capital-intensive projects. #meta #ailayoffs #techtrends #aiinvestment #workforcechanges

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