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Meta Plans 20% Layoffs To Divert Capital To Data Centers
Meta Plans 20% Layoffs To Divert Capital To Data Centers
On Friday we noted that Meta has delayed the rollout of its latest AI model because it sucks - and may temporarily license superior models like Gemini to power the company's AI products.
Now, Meta is reportedly mulling a massive new round of layoffs that could affect more than 20% of its workforce as it accelerates spending on AI data center buildouts. The move comes as other hyperscalers consider similar workforce restructurings to redirect capital flows toward AI infrastructure.
Reuters cited people familiar...
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Feb 15, 2026 / Kyle Anzalone
Trump Says $5 Billion Pledged for Gaza Reconstruction, But Hamas Must Disarm
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Apr 2, 2026 / Tyler Durden
Globalstar Soars On Amazon Buyout Report Amid Satellite Constellation Race
Globalstar Soars On Amazon Buyout Report Amid Satellite Constellation Race
Globalstar shares surged 12% in premarket trading in New York...
...marking their biggest jump in nearly five months, after the Financial Times reported overnight that Amazon is in talks to acquire the satellite operator, a move that would certainly intensify the race to build satellite constellations.
The FT cited people familiar with the Amazon-Globalstar talks and said both sides are still negotiating over "some of the complexities," including the fact that Apple owns a 20% stake in the satellite communications company, which...
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May 22, 2026 / Jason Ditz
Israeli Strikes On Southern Lebanon Kill 10, Including Six Paramedics
Lebanon’s Health Ministry has reported at least 10 people killed today in a flurry of Israeli airstrikes in the south of the country. At least six of the slain were reportedly paramedics and one was a Syrian child. The larger of the two strikes targeted the Shi’ite village of Deir Qanun. Six people were killed […]
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