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The Latest Breaking News from Meta

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.

The Economic Times

Meta Stock Is Off Its Highs, and Could be Cheap - What's the Best META Play?

Meta Platforms' stock is down after the Q1 earnings release. META could be cheap based on revenue, operating cash flow, capex, and free cash flow forecasts. Value investors are looking at shorting OTM puts.

Barchart

Exclusive: AI startup Viktor raises $75 million to put a virtual ‘coworker’ in Slack and Teams

The former Meta engineers behind Viktor say their AI agent has hit a $15 million revenue run rate in about 10 weeks.

Fortune

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I switched my Ray-Ban Metas for L’Atitude 52°N for a month, and while there’s cool features for explorers, it’s no contest

The L’Atitude 52°Ns are a stylish set of Ray-Ban Meta competitors with a travel twist but the design won't be for everyone and they're more expensive up front.

Tom’s Guide

Who’s behind the Facebook page posting hateful AI slop about the UK? The answer might lie in south Asia

Our research has uncovered young entrepreneurs in Sri Lanka and Pakistan using AI tools to make deeply objectionable content – and money, says Niamh McIntyre of the Bureau for Investigative Journalism

The Guardian - UK

Million-dollar salaries, billion-dollar stakes: Top AI talent every tech giant is fighting over

As Big Tech and a whole cohort of new-generation AI start-ups race towards artificial general intelligence (AGI), elite researchers and engineering leaders have become the equivalent of franchise athletes.

Euronews

Meta lays out details of May 20 restructuring in internal document

Meta is implementing significant workforce changes, laying off 10% of its global employees this week and planning further cuts. These moves are driven by a major AI overhaul, with 7,000 employees being transferred to new AI initiatives. Managerial roles are also being eliminated as the company restructures for flatter, faster…

The Economic Times

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Meta to receive over $3 billion in tax breaks for its 2,250 acre Louisiana data center – enough to fund the state’s police budget for seven years

Meta will receive $3.3 billion in tax breaks as Louisiana wipes the sale tax on new GPUs for its Hyperion miles.

TechRadar

Here are the 3 Google I/O 2026 Android XR smart glasses announcements I'm hoping to see

Google I/O could be a major Android XR showcase if we're lucky, but what might we get treated to?

TechRadar

Why Location Is the Only Thing That Matters for Nebius Stock

While the U.S. market is saturated with data centers, Nebius is leveraging Europe's strict regulations and energy grid limits to build a monopolistic AI infrastructure.

Barchart

Meta lays out plans for May 20 layoffs, restructuring; closes 6,000 open roles

Meta Platforms is cutting jobs and reorganizing teams to boost its artificial intelligence capabilities. Thousands of employees will be moved to AI-focused roles. This move signals a significant shift in the company's strategy, prioritizing AI development across its products and operations.

The Economic Times

Meta Set To Begin Thousands Of Layoffs With More Expected Later This Year

Meta is set to begin conducting a round of layoffs potentially impacting 8,000 people, and more are expected later this year, according to a new report.

International Business Times

Trump's 'Insane' $750M Stock Portfolio Exposed After 3,700 High-Speed Trades Trigger Conflict Panics

Donald Trump's extensive trading activity, revealed in ethics filings, raises concerns about potential conflicts of interest during his presidency, despite claims of independent management.

International Business Times UK

As fears of renewed war increase, Iran eyes terrifying point of leverage that will ensure ‘no one will dare attack them again’

Yet more leverage for Iran to use against Trump.

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The Independent UK

Revealed: The Facebook accounts using AI to promote fake ‘good news’ stories about politicians

Exclusive: Posts which ‘weaponise empathy’ are garnering hundreds of thousands of reactions online – as fact checkers warn false narratives are being ‘churned out at an industrial scale’

International Business Times UK

Citadel Advisors Cut Stakes in Nvidia, Microsoft and Amazon Despite AI Rally — But Held Onto Tesla and Meta

US hedge funds, including Citadel Advisors, adjusted their portfolios in Q1 amid market volatility, selling stakes in major tech stocks.

The Economic Times

Mutual funds cut technology sector exposure to 8-year low in April. Is AI disruption reshaping sentiment?

Mutual funds have significantly reduced their technology sector exposure to an eight-year low, driven by concerns over AI disruption, slowing global IT spending, and muted earnings. This strategic shift reflects investor caution amid a transition phase for the IT sector, with a preference for domestic sectors like financials and defence.

The Conversation

Meta’s new tools allow parents to better supervise their kids’ social media accounts. Will they work?

Tech giant Meta recently announced a set of new features to give parents greater oversight of how their children use Facebook, Instagram, Messenger and Horizon.

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International Business Times UK

Elon Musk Faces Sexism Accusations After Mocking Men on Instagram, Promotes X as More Serious Alternative

Elon Musk's jibe that Instagram is 'for girls' has sparked accusations of sexism and revived scrutiny of his fraught family ties and combative rivalry with Meta's social platforms.

The Independent UK

Behind the ‘LinkedInferno’: How tech workers are navigating Silicon Valley layoffs

Tech workers are reeling as AI and mass layoffs upend their formerly dependable and lucrative career path, Josh Marcus reports

The Guardian - US

‘Nobody’s negotiating for the people here’: comedian Charlie Berens takes on AI datacenters

Known for his ‘Manitowoc Minute’ skits and midwestern humor, the journalist turned comedian is speaking out against the AI datacenter boom in Wisconsin

The Economic Times

Meta layoffs trigger panic as employees stuff bags with free snacks, drinks and chargers, says ex-employee

A former Meta employee shared a chilling account of the company's atmosphere before significant job cuts. Workers reportedly took free snacks and chargers, viewing the eve of layoffs as 'doomsday'. This sentiment persists as Meta prepares for further job eliminations. Many employees remain anxious about their future, with some hoping…

The Independent UK

Steven Soderbergh used AI in a documentary about John Lennon. And he wants to talk about it

The day John Lennon was shot in 1980, he and Yoko Ono gave an interview to a San Francisco radio crew from their home in New York’s Dakota Apartments

Barchart

AXT Turned the AI Data Center Boom Into an 8,436% 1-Year Return

AI infrastructure spending is reshaping the semiconductor supply chain in unexpected ways. AXT emerged as one of the market’s top performers by supplying materials essential to modern data centers.

International Business Times

What Is Broadcom? The Unknown Company Building the AI Chips Powering Google, Anthropic, OpenAI and Meta

Broadcom (AVGO) is the company building custom AI chips for Google, Anthropic, OpenAI and Meta. With $100 billion in AI chip revenue targeted for 2027 and a $73 billion backlog, here's everything you need to know about the most powerful tech company most people have never heard of.

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