Today's Business Headlines: 03/24/26
The company has shifted resources away from immersive worlds and toward artificial intelligence and wearable tech, betting those areas offer faster growth and clearer returns as demand for VR headsets cools and investor enthusiasm fades.
Meta CEO Mark Zuckerberg is pushing aggressively into artificial intelligence as the company cuts several hundred jobs across key divisions.“Teams across Meta regularly restructure or implement changes to ensure they’re in the best position to achieve their goals,” a Meta spokesperson told The Post. News of the layoffs wasWidow of billionaire killed in Bayesian superyacht sinking faces bankruptcy after estate ordered to pay $1.2B$580M oil trades made minutes before Trump’s key Iran announcement draw scrutiny The cuts come as CEO Mark Zuckerberg pushes aggressively into artificial intelligence, saying earlier this year: “I think 2026 is going to be the year that AI starts to dramatically change the way that we work.”Some affected employees are being offered alternative roles within the company, though certain positions may require relocation, one person told The Information.The latest cuts follow earlier job reductions at the social media giant, including roughly 1,500 positions eliminated in its Reality Labs division in January.The restructuring comes as Meta ramps up spending on artificial intelligence, projecting between $115 billion and $135 billion in capital expenditures this year — a roughly 75% jump from the prior year.Meta is laying off several hundred employees across Facebook, Reality Labs and other units as it restructures for the AI era.Much of that spending is earmarked for data centers, servers and other infrastructure needed to power advanced AI systems. Meta has also forecast a roughly 40% increase in operating expenses, driven in part by higher compensation tied to hiring technical talent. Shares of Meta have shed nearly 10% since Jan. 1. The stock was trading near even at $598.24 per share at around noon Eastern Time on Wednesday.Widow of billionaire killed in Bayesian superyacht sinking faces bankruptcy after estate ordered to pay $1.2BAlix Earle wants to make acne care ‘fun’ and ‘sexy’ with new skincare line Reale ActivesMeta CEO Mark Zuckerberg is pushing aggressively into artificial intelligence as the company cuts several hundred jobs across key divisions.Meta is laying off several hundred employees across Facebook, Reality Labs and other units as it restructures for the AI era. Stream It Or Skip It: ‘Send Help’ on VOD, Sam Raimi’s Return-to-Form Comedy-Thriller, Which Puts Rachel McAdams Through the Wringer
Tech Artificial Intelligence Facebook Layoffs Mark Zuckerberg Meta Silicon Valley
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mark Zuckerberg reportedly developing AI agent to assist with Meta CEO roleMark Zuckerberg is testing an AI agent designed to assist with CEO responsibilities, highlighting AI's expanding role in decision-making.
Read more »
Pedro Pascal & Mark Hamill’s Hit Sci-Fi Movie Streams Today on PeacockPedro Pascal and Mark Hamill's highly rated sci-fi movie from 2024 has finally found a new streaming home.
Read more »
New Mexico Jury Rules Zuckerberg’s Meta Failed to Protect Children, Orders $375 Million in DamagesSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
Mark Zuckerberg and Jensen Huang are part of Trump’s new ‘tech panel’The first four members of Trump’s tech advisory panel include tech CEOs Mark Zuckerberg, Jensen Huang, and Larry Ellison, along with Google co-founder Sergey Brin.
Read more »
Mark Zuckerberg, Jensen Huang and Sergey Brin join Trump's tech advisory panelFind the latest technology news and expert tech product reviews. Learn about the latest gadgets and consumer tech products for entertainment, gaming, lifestyle and more.
Read more »
Trump names Mark Zuckerberg, Larry Ellison, and other leaders to tech councilLast year, Trump signed an executive order establishing the President's Council of Advisors on Science and Technology.
Read more »