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00:02Meta is preparing another round of layoffs this week that will cut about 10% of its workforce,
00:08or roughly 8,000 jobs, while also canceling plans to fill 6,000 open positions, according to CNBC.
00:15The cuts follow layoffs in Reality Labs in January and additional reductions in March
00:20tied to content moderation operations. Meta raised its 2026 capital expenditure guidance
00:28by as much as $10 billion last month to as high as $145 billion as it expands artificial intelligence investments.
00:37Finance chief Susan Lee said executives don't really know what the optimal size of the company will be in the
00:42future.
00:43Current and former employees told CNBC that more layoffs could follow later this year.
00:49Meta employees have also criticized a new internal tracking tool tied to AI training efforts
00:54and described the system as dystopian.
00:57Meta declined to comment to CNBC.
00:59For all things money, visit Benzinga.com.
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