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   News alert: Meta cuts thousands, pivots to AI
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   7,000 employees are being moved into AI roles.
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               Meta is laying off thousands and moving 7,000 
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              Meta is cutting a significant portion of its global workforce while simultaneously shifting 7,000 employees into new roles tied to artificial intelligence, according to an internal memo reported by Bloomberg and Reuters. The moves will touch roughly a fifth of the company's 78,000-person workforce combined. CEO
Mark Zuckerberg has tied the cuts to Meta's surging AI spending — the company plans to spend up to $135 billion in capital expenditures this year, roughly double last year's outlay.
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