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Zuckerberg Just Fired 8,000 People to Pay for AI. And His Stock Barely Flinched.
8,000 jobs. $145 billion in AI spending. The stock barely moved. Let me give you the short version first. Meta, the company that owns Facebook, Instagram, and WhatsApp; is cutting approximately 8,000 jobs starting this week. On top of 1,000 cuts in January. On top of hundreds more in March. That's before whatever they're planning for August. At the same time, Meta has increased its capital expenditure projections for 2026 by up to $10 billion. Total AI spending for the year:
Michael Routhier
May 196 min read
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