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The Latest Breaking News from Meta

Steven Soderbergh’s AI-assisted John Lennon documentary is already dividing Cannes — and some critics say the visuals overwhelmed the emotion

Steven Soderbergh’s AI-assisted John Lennon documentary has turned into one of Cannes’ biggest controversies.

TechRadar

Meta Layoffs 2026: Why Zuckerberg's AI bet is eliminating 7,900 jobs — and what it means for every tech worker

Meta layoffs 2026 hit Silicon Valley hard as nearly 10% workforce reduction begins at Meta Platforms amid rising AI restructuring and cost pressure. Reports show employees were told to work remotely as job cuts roll out in waves. Led by Mark Zuckerberg, the company is shifting toward lean teams, faster…

The Economic Times

CEOs are getting ruthless about worker performance

Corporate leaders are increasingly prioritizing results over employee comfort, with CEOs like Unilever's Fernando Fernandez demanding "volume growth, positive mix, consistent growth margin expansion." This shift towards "performance cultures" involves tougher accountability, potential layoffs, and a focus on tangible outcomes, signaling a departure from the more empathetic approach of the…

The Economic Times

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British Land H2 Earnings Call Highlights

British Land (LON:BLND) said strong leasing momentum across its London campuses and retail parks is supporting earnings growth, as executives pointed to tight supply, resilient occupier demand and active asset management as key drivers of performance. Chief Executive Simon Carter told investors tha

MarketBeat

6-year-old boy finds ‘rusty metal’ on Norway school trip; it turns out to be 1,300-year-old pre-Viking sword

A six-year-old boy in Norway discovered a 1,300-year-old pre-Viking sword during a school trip. The rare single-edged weapon, found in a ploughed field, is now being studied at the Museum of Cultural History in Oslo. This significant find offers insights into life in Norway before the Viking Age.

The Economic Times

I tested Google’s “Intelligent Eyewear,” and found the smart glasses that will defeat Ray-Ban Meta

I went eyes-on with Google’s Intelligent Eyewear at I/O. With Warby Parker styles and Gemini Live conversation, these Android XR glasses are ready to beat Meta.

Tom’s Guide

Tech leaders favoured by hedge funds last month: Hazeltree report

Hedge funds maintained their focus on companies with strong fundamentals in April, particularly in technology and semiconductors, as the S&P 500 saw a significant jump. Meta and another unnamed mega-cap stock experienced increased fund holdings, while Nvidia, despite a slight decline, remained a top semiconductor pick.

The Economic Times

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Meta First Asked Employees to Work From Home — Then Sent Cold Layoff Emails at 4 AM: Internal Memo Leaked

Meta began cutting 8,000 jobs on 20 May, sending termination emails at 4 a.m. in Singapore. A leaked memo ties the layoffs to its $145 billion AI pivot.

International Business Times UK

LinkedIn layoffs: Over 600 employees to lose jobs as company restructures operations

LinkedIn has laid off 606 employees, impacting roles across marketing, engineering, and product. This restructuring, aimed at creating agile teams and boosting AI infrastructure, follows CEO Daniel Shapero's call to 'reinvent how we work.' The cuts occur amidst broader tech industry shifts and parent Microsoft's own workforce adjustments.

The Economic Times

Meta told employees to work from home, then sent 4 am layoff emails to US staff, leaked memo reads: 'We’re now at the stage where...'

Meta Layoffs: Meta has laid off approximately 8,000 employees globally, with many receiving termination emails early Wednesday. This move is part of a significant restructuring to prioritize AI development, reassigning thousands to AI-focused teams. Severance packages are being offered, but further cuts are anticipated as the company invests heavily in…

The Economic Times

Zithara.AI Forays into Australia

SYDNEY, May 20, 2026 /PRNewswire/ -- Zithara.AI, an AI first consumer intelligence platform build for B2C Brands (Retail, D2C, real-estate, automobile, consumer internet etc.) announced its strategic entry into the Australian market with the onboarding of Ernesto Buono Fine Jewellery , as its first customer in the region. The expansion…

AAP

Meta has five months to fix these 3 things before its Ray-Bans get smoked by Google's Intelligent Eyewear

Based on what I saw from the Google I/O presentation, Meta needs to add these three things to its smart glasses before Intelligent Eyewear launches this fall.

Tom’s Guide

Meta Layoffs: 1 In 10 Workers Face Axe as Zuckerberg Launches Massive Jobs Cull

Meta plans to cut 10% of its workforce, leaving employees in a month-long state of uncertainty. The layoffs, affecting thousands, highlight the challenges in the tech job market.

International Business Times UK

Google unveils smart glasses, taking on Meta

Google is re-entering the smart glasses market with new audio glasses featuring a microphone, camera, and speaker, allowing calls, music, photos, and AI interaction. These glasses, designed in collaboration with Warby Parker and Gentle Monster, aim to overcome past privacy concerns and compete with Meta's established offerings.

The Economic Times

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The Economic Times

Meta begins 8,000 global job cuts in Asian hub of Singapore

Meta Platforms is laying off approximately 8,000 employees globally as part of a restructuring to boost efficiency and reduce costs, while simultaneously investing heavily in artificial intelligence. This latest round of cuts primarily impacts engineering and product teams, with some workers are being reassigned to new AI-focused initiatives.

The Economic Times

Sacked H-1B staff asked to do more B-2 paperwork

Tech giants such as Amazon, Oracle, and Meta have laid off thousands of employees in the past few months, and a large number of the affected people are estimated to be from India on H-1B visas. The visa rules give them 60 days to find new employment, or they must…

The Guardian - US

Google announces glasses are back and search is getting an AI makeover

At annual I/O conference, company debuts a product for everyday consumers to create autonomous AI agents

TechRadar

Warby Parker and Gentle Monster finally showed us their Samsung XR glasses — but forgot to tell us when they’ll release, or how much they’ll cost

Samsung has lifted the lid on its premium Android XR glasses — and some familiar fashion brands have lent a hand.

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The Guardian - US

Meta is rapidly reorganizing its workers’ jobs around AI: ‘Transfers aren’t optional’

Some employees will be moved to new teams focused on AI agents and cloud infrastructure

The Economic Times

The AI blindspot: Layoffs are piling up, but where are the returns?

Companies are cutting jobs to fund AI, but this strategy may not work. A global survey shows that reducing staff does not guarantee better returns on AI investments. Instead, businesses that invest in their people to guide and scale AI systems see greater financial success. The future of work involves…

MarketBeat

Ackman and Berkshire Are Betting Against Each Other on AI

Bill Ackman's Pershing Square made big moves in top AI hyperscaler stocks in Q1, with several standing in clear contrast to Berkshire Hathaway's changes.

International Business Times UK

Meta Fires 8,000 Employees to Fund $145B AI Surge After Spying on Their Workday Data to Train Models

Meta plans to lay off 8,000 employees as it increases AI investments, leaving 6,000 roles unfilled. The move reflects a shift towards capital expenditure over payroll.

MarketBeat

Nebius Group Pulls Back 9% After a Downgrade Despite Strong Earnings

Nebius Group fell nearly 9% after a DA Davidson downgrade, despite reporting 684% revenue growth and reiterating its 2026 guidance of $3B to $3.4B.

International Business Times UK

ChatGPT Can Now Access Your Bank Account — As OpenAI Expands Into Personal Finance

OpenAI launches personal finance tools for ChatGPT Pro users in the US, enabling bank account connections for personalised financial insights. Privacy concerns arise over sensitive data handling.

The Economic Times

Meta layoffs to start from tomorrow: which teams will be affected? Here's the breakdown

Meta layoffs tomorrow: Meta is initiating a significant round of layoffs, impacting approximately 10% of its global workforce, as it restructures to prioritize artificial intelligence workflows. This strategic shift involves transferring around 7,000 employees into new AI-focused initiatives and adopting flatter organizational structures to enhance efficiency and decision-making.

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