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   The toll of Meta's AI push
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   Plus: The DOJ's Federal Reserve probe is back on again.
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          Friday, April 24, 2026
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          Meta layoffs will hit 10% of its workforce. Blame its big AI push
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          Meta told employees on Thursday that it plans to cut about 10% of its workforce, or roughly 8,000 jobs, starting May 20, according to multiple reports. 
Meta will also close about 6,000 open roles it had intended to fill.
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          The company had almost 79,000 employees at the start of the year.
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          Janelle Gale, Meta's chief people officer, blamed the forthcoming layoffs on the company's broader spending priorities in an internal memo obtained by Bloomberg.
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          "We're doing this as part of our continued effort to run the company more efficiently and to allow us to offset the other investments we're making," Gale 
wrote.
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          CEO Mark Zuckerberg has poured resources into AI model development, chatbot products, and engineering talent to support the company's buildout. Meta set its 2026 capital expenditure guidance at $115 billion to $135 billion, almost double the $72 billion it spent in 2025.
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          Gale said media reports about the cuts forced the company to announce the layoffs earlier than planned.
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                            Yes. Good people are losing their jobs
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                           <!--[if mso]><a href="https://www.ne16.com/t/10658717/222404108/9646803/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNC0yNCUyMCUyOFVTJTI5&x=29b76c57" 
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                            No. The arms race is real and unforgiving
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                           <!--[if mso]><a href="https://www.ne16.com/t/10658717/222404108/9646804/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNC0yNCUyMCUyOFVTJTI5&x=3ebfcf28" 
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                            If productivity improves, who can blame them?
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                           <!--[if mso]><a href="https://www.ne16.com/t/10658717/222404108/9646805/1/1009235/?abb9e380=NGYzZmQyODYtMmZhOS00YzdjLWFkYzktMzQyOGNhZmI3ZDBl&f5d63f87=REIlMjAwNC0yNCUyMCUyOFVTJTI5&x=dfc1a155" 
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              The U.S. carrier projected adjusted earnings per share between a loss of $0.40 and a profit of 
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