Meta begins cutting 8,000 jobs this week as record profits fund a $145 billion AI infrastructure bet

Meta will begin cutting approximately 8,000 jobs on 20 May, the largest single round of layoffs the company has undertaken since its 2023 restructuring, in a move that lays bare the scale of Mark Zuckerberg’s bet that artificial intelligence infrastructure is worth more than the people it replaces. The company is also cancelling 6,000 open […] This story continues at The Next Web