META shares have dropped 12% year to date as Zuckerberg admits AI development
Meta cut 8,000 employees targeting integrity, cybersecurity, and Reality Labs while shielding AI infrastructure and monetization teams from layoffs.
Meta employee morale has cratered, with Blind ratings down 25% and median total compensation dropping nearly $30,000, as workers feel they're training their own replacements.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Meta didn't make the cut. Grab the names FREE today.
At an internal Meta town hall on July 2, 2026, CEO Mark Zuckerberg told employees that AI agent development over the prior four months "hasn't really accelerated in the way that we expected," per a recording heard by Reuters. He added that the company's reorganization was not as "clean" as planned and that its bets on the new structure "haven't come to fruition yet," though he expects meaningful benefits within three to six months.
Meta cut 8,000 employees targeting integrity, cybersecurity, and Reality Labs while shielding AI infrastructure and monetization teams from layoffs.
Meta employee morale has cratered, with Blind ratings down 25% and median total compensation dropping nearly $30,000, as workers feel they're training their own replacements.
Act now: the **** yst who called NVIDIA in 2010 just named his top 10 AI stocks — and Meta didn't make the cut. Grab the names FREE today.
At an internal Meta town hall on July 2, 2026, CEO Mark Zuckerberg told employees that AI agent development over the prior four months "hasn't really accelerated in the way that we expected," per a recording heard by Reuters. He added that the company's reorganization was not as "clean" as planned and that its bets on the new structure "haven't come to fruition yet," though he expects meaningful benefits within three to six months.
22 days ago
