Saturday, 8 August, 2026
Inside Meta’s AI Pivot: Zuckerberg Explains $1.2B Severance Bill
By TechShots Studio
During Meta’s Q2 earnings call, CEO Mark Zuckerberg addressed May's early-morning lay-off notifications sent to roughly 8,000 employees. Severance costs totaled $1.2 billion, contributing to a 55% surge in total expenses. Meta ended the quarter with around 75,000 workers as it redirects resources away from eliminated roles to fund up to $145 billion in technical hires and AI infrastructure.
Read full story at TIMES OF INDIA