“Meta plans sweeping layoffs that could affect 205 or more of the company.”

Views expressed in this science and technology update are those of the reporters and correspondents.

Accessed on 16 March 2026, 1234 UTC.

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Sources: Meta plans sweeping layoffs that could affect 20% or more of the company, amid mounting AI infrastructure costs; it had ~79,000 employees as of Dec. 31 (Reuters)

@jimcramer:  Hope you watched when i said that Meta would reinvent the company with huge layoffs and go all AI like Dorsey/Block did.  @signulll:  the zirp era created a weird implicit social contract which was that if the company is healthy then jobs were safe.  that contract is now gone.  the replacement is closer to the old industrial logic which is that labor is a cost to be minimized at every point in the cycle & now with ai that is clearly on the table to the tune of at least 17k peeps at meta being chopped.  [image]  @neilcybart:  This is a wacky way to run a company. Crazy spending followed by layoffs followed by crazy spending followed by layoffs. No way that leads to great company culture.

Sources: ByteDance suspended the global launch of Seedance 2.0 amid copyright disputes with Hollywood studios and streamers; it was launched in China last month (The Information)

@amir:  Apparently (intellectual property violation) actions have consequences, even in China. [image]  @tunguz:  They are fighting the inevitable. One of these days a completely open version of Seedance model will leak and then it will be all over for them.

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