Meta to Cut 8,000 Jobs: Zuckerberg Blames AI Spending and Workforce Optimization
Meta will lay off 10% of its workforce—about 8,000 employees—citing AI infrastructure costs and strategic workforce adjustments. CEO Mark Zuckerberg o...
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AI Compute Shortage Hits Economy: Rising Costs, Restricted Access, and Industry Fallout
Startups are shifting spending from hiring to AI compute tokens, but unsustainable pricing models are collapsing. Tech giants like GitHub, Anthropic,...
Meta Announces 8,000 Layoffs Amid AI-Driven Cost Concerns
Meta will lay off approximately 8,000 employees, or 10% of its workforce, as part of a strategic shift to manage rising AI infrastructure costs. The m...
Texas Faces $3.2B Sales Tax Revenue Loss Due to Data Center Tax Breaks
Texas is projected to lose $3.2 billion in sales tax revenue over the next two years because of tax exemptions for data centers. The exemption, once a...