Tech stocks today: Tesla tops Q1 estimates and gives Optimus updates, Intel to report Q1 earnings
Meta (META) is expected to cut as much as 10% of its workforce as it looks for ways to reduce spending amid its massive AI buildout.
The company will lay off roughly 8,000 employees and won’t fill 6,000 positions, as it continues a broader efficiency push CEO Mark Zuckerberg has been pursuing since declaring 2023 Meta’s year of efficiency.