Meta Weighs Widespread Layoffs as AI Spending Grows
0:46
Meta is reportedly planning layoffs that could impact at least 20% of its workforce as the tech giant looks to offset AI spending.
Related Videos
In Top Headlines
-
Play video Global Mall Visionary David Simon Dies at 64
Global Mall Visionary David Simon Dies at 64
Simon Property Group Chairman, President and CEO David Simon passed away Sunday (March 22) at the age of 64.
0:46
-
Play video Fun Secures $72 Million To Power Global Capital Markets
Fun Secures $72 Million To Power Global Capital Markets
Fun raised $72 million in a Series A funding round to expand its payments infrastructure that powers Polymarket and other internet-native capital markets.
0:46
-
Play video PayPal Targets $1.5B in Cuts as Checkout Slows
PayPal Targets $1.5B in Cuts as Checkout Slows
PayPal’s latest quarter outlines a broad operational reset centered on AI, checkout improvements and cost discipline.
0:46
-
Play video Big Banks Push Regulators to Cement Looser Oversight Rules
Big Banks Push Regulators to Cement Looser Oversight Rules
Wall Street banks are reportedly lobbying the Federal Reserve to solidify regulations to prevent rules from being tightened in the future.
1:25
-
Play video US Bank Intros Stablecoin and Touts Successful X-Border Transaction
US Bank Intros Stablecoin and Touts Successful X-Border Transaction
U.S. Bank has debuted its own stablecoin, and said it had used the dollar-backed USBDC for a cross-border payment.
1:25
-
Play video Citi Debuts Platform to Bring AI Agents to Banking Work
Citi Debuts Platform to Bring AI Agents to Banking Work
Citi has debuted the Arc platform to let it launch AI agents throughout the company for “research, synthesis, preparation, and execution.”
1:09