Mark Zuckerberg lays off 8,000 employees, spends $130B on AI

Meta CEO Mark Zuckerberg says AI has “net created a lot of jobs” thanks to the massive infrastructure buildout, dismissing fears of AI job losses. His remarks come months after Meta laid off 8,000 employees—10% of its workforce—in an AI-first restructuring, while committing $130-145 billion to AI spending in 2026. Meta’s Q2 free cash flow crashed 91% as shares fell 10%, even as revenue jumped 28% to $60.8 billion.

By TOI TECH DESK