Browsing: Mark Zuckerberg

Meta Shares Jump After Report of New AI Cloud Business

July 2, 2026By Bhuiyan Md Tomal

Meta Platforms shares jumped more than 6 percent on Wall Street on Wednesday after Bloomberg News reported the company is…

English

Meta Cuts 8000 Jobs in AI Restructuring as Zuckerberg Acknowledges Mistakes

June 18, 2026By Tarek Hasan

Meta cut roughly 8,000 jobs in May 2026, about 10 percent of its workforce, as part of an AI-focused restructuring that redirected thousands of workers into new artificial intelligence teams.

Artificial Intelligence (AI)

Meta Cuts 8,000 Jobs as Zuckerberg Admits AI Missteps

June 13, 2026By Soniya Chowdhury

Zuckerberg acknowledged Meta made mistakes in its AI workforce overhaul after cutting 8,000 jobs, while pledging no further company-wide layoffs in 2026.