Meta says it will cut 8,000 jobs as AI spending soars

The cuts, which employees had been expecting for weeks, will be Meta's largest layoff since 2023.
Source
BBC World
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The cuts, which employees had been expecting for weeks, will be Meta's largest layoff since 2023.
Source
BBC World
Opens original article in a new tab
Facebook's parent company said it would slash 10% of its workforce, while Microsoft is offering an early retirement scheme. The cuts come as both tech giants make massive investments in AI.
Prosecutors say the soldier used classified information of the Maduro operation to place winning bets on Polymarket. The case comes amid other incidents of prediction market bets tied to US government actions.
Jump in prices comes as Donald Trump says vessels will need permission of US Navy to transit key waterway.

US President Donald Trump on Thursday announced a three-week extension of the ceasefire between Israel and Lebanon, and said that he expected Israeli and Lebanese leaders to meet with him over the next couple of weeks, voicing hope for a permanent peace deal this year. Follow our liveblog for the latest developments.