Meta launched Project OT to replace a significant portion of its workforce with AI agents, aiming to cut team sizes by 60%. In May 2026, the company laid off approximately 8,000 employees, roughly 10% of its workforce, while reassigning 7,000 others to AI-focused roles. Projected capital expenditure on AI initiatives in 2026 could reach $145 billion. CEO Mark Zuckerberg acknowledged that AI agents had not accelerated productivity as expected and admitted to mistakes in the restructuring process. Employee satisfaction dropped from 74% to 55%, forcing the cancellation of a second wave of layoffs scheduled for November 2026.
Source: Read the original article
