Mark Zuckerberg lays off 8,000 employees, spends $130B on AI | TheBriefWire
Mark Zuckerberg lays off 8,000 employees, spends $130B on AI
Published 3 August 2026 ¡ tech
Meta CEO Mark Zuckerberg says AI has ânet created a lot of jobsâ thanks to the massive infrastructure buildout, dismissing fears of AI job losses
Meta CEO Mark Zuckerberg says AI has ânet created a lot of jobsâ thanks to the massive infrastructure buildout, dismissing fears of AI job losses. His remarks come months after Meta laid off 8,000 employeesâ10% of its workforceâin an AI-first restructuring, while committing $130-145 billion to AI spending in 2026. Metaâs Q2 free cash flow crashed 91% as shares fell 10%, even as revenue jumped 28% to $60.8 billion.
Published: August 3, 2026 ⢠1:16 PM IST ¡ Updated: August 3, 2026 ⢠2:33 PM ISTBy TheBriefWire Editorial Team
Key points
Meta CEO Mark Zuckerberg says AI has ânet created a lot of jobsâ thanks to the massive infrastructure buildout, dismissing fears of AI job losses.
His remarks come months after Meta laid off 8,000 employeesâ10% of its workforceâin an AI-first restructuring, while committing $130-145 billion to AI spending in 2026. Metaâs Q2 free cash flow crashed 91% as shares fell 10%, even as revenue jumped 28% to $60.8 billion.
The BriefWire