Facebook parent company Meta has announced another round of layoffs. Mark Zuckerberg is planning to fire 3,600 employees. This is not the first time when Meta has announced layoffs. CEO Mark Zuckerberg said the performance-based cuts are intended to ensure that the company has the "strongest talent" and is able to "bring new people in.
Meta’s capital expenditures for this year are expected to range from $60 billion to $65 billion, the New York Times reported, citing a Facebook post from the company leader. That’s a massive jump from the $38 billion to $40 billion the company spent last year.
Stephen Miller told Zuckerberg that the billionaire mogul had “an opportunity to help reform America, but it would be on Trump’s terms.”
Meta CEO Mark Zuckerberg has announced sweeping layoffs of what he refers to as "low-performers" at his empire.
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As part of the investment, Meta will ramp up hiring for artificial intelligence roles and build a more than 2-gigawatt data centre that would be large enough to cover a significant part of Manhattan.
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