Mark Zuckerberg-led Meta has confirmed it plans to slash about 8,000 jobs — roughly 10% of its workforce — informing employees of the sweeping cuts on Thursday. The Facebook parent disclosed the layoffs in a staff memo,

This is expected to be the first round of sweeping layoffs, set for May 20, with a second round scheduled for the second half of the year.

While both technology giants are spending aggressively to own the artificial intelligence future, one arguably looks better positioned to thrive in today's rapidly evolving environment.

Meta, parent of Facebook and Instagram, is laying off about 8,000 employees — and eliminating another 6,000 open jobs — as it is in the midst of a companywide shift to artificial intelligence. The job cuts were announced in an internal memo to Meta staffers from the company’s head of HR,

As the company envisions smaller teams and supersmart agents, some employees are wondering how they fit in.

Oracle, Meta, Snap, and Block cut thousands of jobs to reallocate funds into artificial intelligence.

Don't look now, but the Nasdaq once again hit an all-time high this month. That seemed very unlikely at the end of March with the index in correction territory, but leading tech and artificial intelligence (AI) stocks have come roaring back.

Meta announced Friday that it's partnering with Amazon Web Services to add millions of AWS Gravitron cores to Meta's computers to boost agentic AI.