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Billions of euros for artificial intelligence, the company "Meta" cuts jobs
2026-04-24 17:38:50 / BOTA
Meta will cut thousands of jobs next month as it spends more than ever on artificial intelligence (AI) projects.
The company told employees it planned to cut 10% of its workforce of approximately 8,000 employees.
A major reason for the job cuts is Meta's increased spending in other areas of the company, including Artificial Intelligence, on which it will spend $135 billion this year.
This is roughly equal to the amount it has spent on Artificial Intelligence in the previous three years combined, according to reports.
Mark Zuckerberg, co-founder and CEO of Meta, made public comments in January that essentially indicated that the company would be cutting jobs again this year.
The Meta boss said he had seen how much more productive workers who relied heavily on artificial intelligence tools had become, noting that a single person could now complete projects that would previously have required a large team.
"I think 2026 will be the year when artificial intelligence starts to dramatically change the way we work," Zuckerberg said.
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