Zuckerberg Claims AI Creates Jobs After Meta Cuts 8,000 Staff, Bets $130B on AI
Meta CEO Mark Zuckerberg has argued that AI is a net job creator, citing the company's large-scale infrastructure expansion. His comments follow Meta's decision to lay off 8,000 employees — roughly 10% of its workforce — as part of an AI-focused restructuring. The company has committed between $130 billion and $145 billion toward AI investment in 2026. Despite reporting a 28% revenue increase to $60.8 billion, Meta's Q2 free cash flow dropped sharply by 91%, and its share price fell 10%.
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