Tech industry
fromwww.theguardian.com
1 day agoMeta reportedly plans sweeping layoffs as AI costs increase
Meta plans layoffs affecting 20% or more of its workforce to offset AI infrastructure costs and prepare for AI-driven efficiency gains.
Global monthly active users (MAUs) -- 619 million, up 12%, marking the tenth consecutive record quarter. MAUs by region -- 105 million in US and Canada, up 4%; 158 million in Europe, up 9%; 356 million in Rest of World, up 16%. Q4 revenue -- $1.3 billion, a 14% increase (13% on constant currency), with global ad impressions rising 41% and ad pricing declining 19% due to international mix shifts.
Deloitte's Q4 2025 CFO Signals report, released this morning, finds the CFO Confidence Score at 6.6, higher than the Q3 reading of 5.7, and the highest score since late 2021. The score, the highest 10, measures CFO confidence in economic conditions and sentiment about the capital markets. CFOs raised their assessment of the North American economy this quarter, with 36% rating the current environment as very good or good, and 56% saying they expect it to be much better or better in 12 months.
CrowdStrike CEO George Kurtz stated, "We're operating in a market and technology inflection point, with AI reshaping every industry, accelerating threats, and evolving customer needs."