TECH NEWS
Meta begins cutting 8,000 jobs this week as record profits fund a $145 billion AI infrastructure bet
TL;DR Meta will begin cutting 8,000 jobs on 20 May while reporting record quarterly revenue of $56.31 billion, as the company raises AI infrastructure spending to as much as $145 billion in 2026. Employee morale has cratered, with internal protests over surveillance software, declining compensation, and the