Meta (social media company)MetaMetato lay off employees / layoffscáiyuán裁员approximately / aboutyuē约700 peopleqī bǎi rén七百人,to involve / affectingshèjí涉及multiple / severalduō gè多个department / divisionbùmén部门。
March 25, 2026 at 8:00 PM
New Words
News in English
BusinessMeta Cuts Around 700 Jobs Across Multiple Divisions
Meta announced layoffs of around 700 employees across Reality Labs, recruiting, sales and Facebook. It is the company third round of job cuts in 2026 as it shifts investment heavily toward artificial intelligence.
On March 25, 2026, Meta announced layoffs of approximately 700 employees. The laid-off employees come from Reality Labs, recruiting, sales, and Facebook departments. Reality Labs is Meta's division responsible for virtual reality products. In January of this year, Meta had already reduced Reality Labs headcount by approximately 1,000 employees. Meta's total estimated expenditures for this year are between $162 billion and $169 billion. The company plans to spend $600 billion by 2028 building data centers. Mark Zuckerberg said that artificial intelligence will have a very large impact on the company. Some laid-off employees can be reassigned to other positions within the company.
More in Business
MomentaMóméng tǎ摩蒙塔Hong KongXiānggǎng香港listedshàngshì上市fundraisingróngjī融资$752 million7.52 yì měiyuán7.52亿美元
Chinese Autonomous Driving Firm Momenta Debuts on Hong Kong Stock Exchange with 752 Million Fundraise
Samsung (South Korean electronics company)Sānxīng三星、SK Hynix (South Korean memory chipmaker)SK HǎilìshìSK海力士and / together withyǔ与Micron (US semiconductor company)Měiguāng美光to race to / to vie injìngxiāng竞相to expand / to increasekuòdà扩大AI / artificial intelligenceAIAImemory (computing)nèicún内存chip / semiconductor chipxīnpiàn芯片production capacitychǎnnéng产能。
Samsung, SK Hynix and Micron Race to Expand AI Memory Chip Capacity
ChinaZhōngguó中国artificial intelligenceréngōng zhìnéng人工智能companygōngsī公司MiniMax (Chinese AI company)MiniMaxMiniMaxto completewánchéng完成$2 billionèrshí yì měiyuán二十亿美元fundraising / financingróngzī融资。
Chinese AI Firm MiniMax Raises 2 Billion Dollars in Hong Kong Share Sale
PepsiCoBǎishì Gōngsī百事公司earnings / performanceyèjī业绩lower than / belowdīyú低于expectation / forecastyùqī预期,the United StatesMěiguó美国stock marketgǔshì股市slightly / marginallyxiǎofú小幅to rise / to increaseshàngzhǎng上涨。
PepsiCo Earnings Disappoint as US Stocks Edge Higher