Close Menu
  • Home
  • AI
  • Entertainment
  • Finance
  • Sports
  • Tech
  • USA
  • World
  • Latest News

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

What's Hot

Live Hard Conversation with Mark Consuelos and Kelly Ripa

March 16, 2026

China talks about oil self-sufficiency as President Trump seeks Beijing’s support on Hormuz issue

March 16, 2026

How to watch Jensen Huang’s Nvidia GTC 2026 keynote and what it’s about

March 16, 2026
Facebook X (Twitter) Instagram
Facebook X (Twitter) Instagram Vimeo
BWE News – USA, World, Tech, AI, Finance, Sports & Entertainment Updates
  • Home
  • AI
  • Entertainment
  • Finance
  • Sports
  • Tech
  • USA
  • World
  • Latest News
BWE News – USA, World, Tech, AI, Finance, Sports & Entertainment Updates
Home » 3% rise in premarket on ‘speculative’ mass layoff plans and AI spending
Tech

3% rise in premarket on ‘speculative’ mass layoff plans and AI spending

adminBy adminMarch 16, 2026No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp VKontakte Email
Share
Facebook Twitter LinkedIn Pinterest Email


Arda Kukkaya | Anadolu | Getty Images

meta Shares rose in pre-market trading on Monday following “speculative” reports that the company plans to lay off more than 20% of its workforce in line with its massive AI spending plans this year.

Reuters reported on Saturday, citing three unnamed sources familiar with the matter, that the tech giant’s management had instructed senior executives to come up with a plan for layoffs. The company’s shares rose 2.7% in premarket trading at 6:16 a.m. ET, after falling nearly 4% on Friday.

Meta employed approximately 79,000 people as of December 2025, and the scale of the layoffs described could affect more than 15,000 employees. This is the biggest job reduction since late 2022, when CEO Mark Zuckerberg said Meta was cutting 11,000 jobs and hiring as part of a broader cost-cutting strategy.

Asked whether the Reuters report was accurate, a CNBC spokesperson said: “This is a speculative report regarding a theoretical approach.”

Meta’s layoffs are likely to continue as tech giants focus on building out expensive AI infrastructure and improving efficiency through AI integrated into workflows.

Several companies have already revealed plans for large-scale AI-related layoffs in 2026. Jack Dorsey’s block The company announced in February that it would lay off 4,000 employees in order to “use AI to automate more tasks so we can move faster with smaller, better teams.”

From Salesforce to Accenture, more and more companies are announcing job cuts using AI.

Companies are blaming AI for layoffs. Critics say it’s a ‘good excuse’

AI spending reaches $135 billion

Meta revealed in its fourth-quarter earnings report in January that AI-related capital spending this year will be in the range of $115 billion to $135 billion, roughly double the amount it spent building a new AI division in 2025.

This is part of a total of $700 billion in hyperscaler technology, including: Amazon, alphabetand microsoftare planning to invest in AI this year.

The plans have raised concerns among some investors that spending could become unsustainable when compared to the revenue generated by AI.

Zuckerberg said 2026 will be a big year for AI, as the company’s investments focus on his mission to “build a personal superintelligence.”

Last year, the company invested $14.3 billion in Scale AI. Meta eventually poached the group’s CEO, Alexander Wang, and some of his top engineers and researchers.

“We’ve seen significant layoffs at companies like Block, which laid off 40% of its workforce ‘because of AI,’ but if Meta intends to reduce its workforce at this scale while increasing its investment in AI, we think it signals a broader shift. AI is increasingly driving productivity,” Jefferies analysts said in a note on Sunday.

“This has important implications not just for the meta, but across the broader internet/software landscape as investors reconsider the relationship between headcount, growth and profits…These reductions are clearly being considered as part of an effort to offset rising AI infrastructure costs with a significant increase in AI-driven capital spending,” they added.

Never miss the most trusted news moments in business news when you choose CNBC as your preferred source on Google.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous ArticleThe vacations Canadians are no longer taking in the US
Next Article CNBC Daily Open: President Trump’s Strait Remarks
admin
  • Website

Related Posts

5 things to know before markets open on Monday

March 16, 2026

Meta signs $27 billion deal with Nebius for AI infrastructure

March 16, 2026

Amid the AI ​​race, Big Tech is turning its attention to carbon credits. Microsoft leads

March 16, 2026

China’s JD.com launches Amazon rival Joybuy in Europe

March 16, 2026
Leave A Reply Cancel Reply

Our Picks

Newly freed hostages face long road to recovery after two years in captivity

October 15, 2025

Former Kenyan Prime Minister Raila Odinga dies at 80

October 15, 2025

New NATO member offers to buy more US weapons to Ukraine as Western aid dwindles

October 15, 2025

Russia expands drone targeting on Ukraine’s rail network

October 15, 2025
Don't Miss
Entertainment

Live Hard Conversation with Mark Consuelos and Kelly Ripa

By adminMarch 16, 20260

Mark Consuelos and kelly ripa not really filtered live. After all, riverdale The alum revealed…

Kim Kardashian wears blue eyes at Oscar party

March 16, 2026

Why pregnant Hailee Steinfeld was absent from the show

March 16, 2026

Kim Kardashian and Kris Jenner attend Vanity Fair party

March 16, 2026
About Us
About Us

Welcome to BWE News – your trusted source for timely, reliable, and insightful news from around the globe.

At BWE News, we believe in keeping our readers informed with facts that matter. Our mission is to deliver clear, unbiased, and up-to-date news so you can stay ahead in an ever-changing world.

Our Picks

The vacations Canadians are no longer taking in the US

March 16, 2026

Punch the Monkey finally makes friends and fits in.

March 16, 2026

Amsterdam Jewish school hit by explosion in wave of anti-Semitic violence

March 16, 2026

Subscribe to Updates

Subscribe to our newsletter and never miss our latest news

Facebook X (Twitter) Instagram Pinterest
  • Home
  • About Us
  • Advertise With Us
  • Contact US
  • DMCA
  • Privacy Policy
  • Terms & Conditions
© 2026 bwenews. Designed by bwenews.

Type above and press Enter to search. Press Esc to cancel.