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moves money Tech-Economic Times July 03, 2026

Meta's Mark Zuckerberg says AI agent tech progressing slower than expected

Meta's Mark Zuckerberg says AI agent tech progressing slower than expected
AI Summary

Zuckerberg and other Meta executives have been seeking to ‌moderate some of ⁠the organizational ⁠changes introduced earlier this year, without fundamentally changing course. The company laid off about 10% of its global workforce and reassigned roughly 7,000 employees ​to AI-focused teams in May, moves that prompted employee pushback and raised concerns about morale.

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