Meta to cut 8,000 jobs as $145B AI push accelerates
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Meta will cut approximately 8,000 jobs in May as part of a restructuring linked to a significant AI investment, despite reporting record Q1 profits. The company's capital expenditure guidance for 2026 has increased to $125-$145 billion due to rising component costs and expanded data center projects. Employee morale is declining due to pay cuts and job insecurity, raising concerns about talent retention.
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