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Meta has started cutting about 8,000 jobs worldwide as the company reshapes its workforce around artificial intelligence, data centers, and leaner operating structures. The move, affects roughly 10% of the company’s global workforce and marks one of Meta’s larger rounds of job reductions since its earlier efficiency push. The latest cuts come as Meta continues to raise its planned capital spending for AI infrastructure. In its first quarter 2026 results, the company said it expected 2026 capital expenditures, including finance lease payments, to fall between $125 billion and $145 billion. That range was lifted from a prior estimate of $115 billion to $135 billion. Meta said the increase reflected higher component pricing and added data center costs tied to future capacity. Why the Cuts Are Drawing Attention The number itself is significant, but the deeper story is how Meta is reorganizing around AI. About 7,000 employees are being reassigned to AI-focused initiatives, including AI agents and workflows. That means the company is not only reducing roles but also moving existing staff into areas viewed as central to its next phase. Meta’s headcount stood at 77,986 as of March 31, 2026, according to its first quarter report. The reported job cuts
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ADNOC Says Full Hormuz Shipping May Not Return Until 2027
Strait of Hormuz shipping routes remained under pressure this week after UAE energy company ADNOC said normal tanker movement through the region may not fully recover until the first half of 2027. The outlook added fresh uncertainty to global energy markets already facing elevated freight costs and longer shipping times. ADNOC, one of the Middle East’s largest state-owned energy producers, said the prolonged disruptions could continue affecting crude transportation through one of the world’s most important oil transit corridors. The Strait of Hormuz connects Gulf exporters with major customers across Asia, Europe, and North America. Shipping operators, insurers, refiners, and commodity traders have continued monitoring traffic conditions as companies adjust routes and reassess logistical risks. While some Gulf states maintain alternative export infrastructure, the strait remains a critical route for crude shipments from Saudi Arabia, the United Arab Emirates, Kuwait, Iraq, and Qatar. ADNOC Signals Extended Timeline for Shipping Recovery ADNOC’s latest outlook indicated that logistical disruptions affecting tanker operations could continue for several more quarters, extending beyond earlier market expectations. Reduced shipping capacity and operational delays have already pushed freight costs higher across energy transportation markets this year. Global oil markets reacted to the development as traders assessed the
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S&P 500 Futures Slip as Inflation Rises
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U.S. Services Inflation Signals a Tougher Business Outlook
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How Resale Platforms Are Transforming Fashion Economics for Brands
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Disneyland Paris Growth Project Expected to Boost Employment
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United Airlines to Install Lie‑Flat Relax Row Economy Seating on Long‑Haul Flights
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