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The Latest Breaking News from Meta

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 Economic Times

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

The Guardian - US

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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.

TechRadar

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 Guardian - US

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…

The Economic Times

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.

MarketBeat

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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.

International Business Times UK

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.

MarketBeat

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.

International Business Times UK

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

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

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The Guardian - UK

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

Euronews

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.

The Economic Times

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…

TechRadar

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.

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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?

Barchart

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.

The Economic Times

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.

International Business 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 UK

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.

We Got This Covered

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.

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’

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