Meta presents a jobs vs AI tradeoff

Big layoffs planned by Meta could help the Facebook parent cut costs enough to pay for its huge bets on artificial intelligence. But they could also set the stage for fewer jobs elsewhere in the tech industry if other companies take the strategy as their own model.
    
You can read up on my colleagues' exclusive coverage in this week's main story, linked below. I'm also highlighting our Iran war coverage and the unintended boost it could provide wind and solar energy as markets judge risk.

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Meta plans sweeping layoffs that could affect 20% or more of its staff, my Reuters colleagues reported exclusively. The company has been trying to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.

Details about the cuts have not been finalized, their sources said. But top executives have recently signaled the plans to other senior leaders at Meta and told them to begin planning how to pare back.
    
You can read the full story by clicking the button below. You'll also find a sharp analysis of the move by our Breakingviews columnist Robert Cyran here. His hot take: while the move raises fears of AI destroying jobs, Meta alternatively may just be struggling with over-investment.

Smoke rises after a reported strike on an oil refinery, in Tehran, Iran, March 8, 2026. Majid Asgaripour/WANA (West Asia News Agency) via REUTERS