Meta Cuts 10% Workforce, Reassigns 7,000 to AI After Zuckerberg Admits Transformation Errors

According to Reuters, Meta CEO Mark Zuckerberg acknowledged in an internal memo that the company made mistakes while restructuring operations around artificial intelligence and pledged not to conduct company-wide layoffs for the remainder of 2026. Zuckerberg stated: "Given the complexity of these changes, we've made mistakes, and we'll almost certainly make more." The company underwent significant reorganization in May, cutting approximately 10% of its global workforce and reassigning 7,000 employees to AI-related work. The company is investing heavily in AI, with 2026 capital expenditure guidance set between $125 billion and $145 billion.
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