Meta AI Overhaul
June 13 – July 2, 2026 Updated 10h ago
Zuckerberg concedes missteps as Meta completes 8,000 AI-driven layoffs
In an internal memo, Mark Zuckerberg acknowledged Meta made mistakes restructuring around AI after cutting roughly 8,000 jobs — about 10% of staff — while redirecting some 7,000 workers into new AI teams and planning up to $145 billion in 2026 capital spending.
Meta plans cloud business to sell excess AI compute, taking on AWS, Azure and Google
Meta is building a cloud service to sell spare AI computing power and access to models like Muse Spark, Bloomberg reported. Shares jumped over 10%; CoreWeave and Nebius sank.