Story
Meta Made $56B in Q1 and Is Still Firing 8,000 People to Pay for AI
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Overview
Key Takeaways - Meta posted record $56B revenue in Q1 2026, up 33%, yet is cutting 8,000 jobs starting May 20 to fund a $145B AI infrastructure budget - Median employee pay already fell from $417K to $388K, while Zuckerberg pays AI researchers up to $100M as one or two replace dozens - More rounds are planned for August and the fall, as Microsoft’s AI CEO says AI will replace all white-collar work...
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Reddit r/artificial · blocknow.com