Meta Wants to Fire 20% of Its Workers and Just Signed a $27 Billion AI Deal in the Same Week
The company behind Facebook and Instagram is reportedly planning massive layoffs while simultaneously betting billions on AI infrastructure. The math is brutal.
Meta, the company that owns Facebook, Instagram, and WhatsApp, is making some wild moves right now.
On one hand, reports surfaced over the weekend that Meta is planning to lay off more than 20% of its entire workforce. That's potentially tens of thousands of people losing their jobs. Meta called the report "speculative," but the stock still jumped over 2% on the news because Wall Street loves cost-cutting.
On the other hand, Meta just signed a massive $27 billion AI infrastructure deal with Nebius, a Dutch cloud provider. Nebius stock shot up 13% on the announcement alone.
So what's happening here? Simple: Meta is replacing humans with AI. The company is pouring billions into building AI systems while cutting the people who used to do that work manually. It's the most aggressive AI pivot we've seen from any major tech company.
Love it or hate it, this is the playbook other companies are watching closely. Spend big on AI, cut headcount, let the machines do more. Meta is just doing it louder than everyone else.
As reported by CNBC.
Source: CNBC
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