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Arcadia Biosciences closes $4 million private placement

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Workday: Modest FCF Multiples Amid AI ACV Growth

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Workday: Modest FCF Multiples Amid AI ACV Growth

Workday: Modest FCF Multiples Amid AI ACV Growth

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Roku exploring strategic options, including sale of company, sources say

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Roku exploring strategic options, including sale of company, sources say


Roku exploring strategic options, including sale of company, sources say

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ASML: The Rally May Be Overdone

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ASML: The Rally May Be Overdone

ASML: The Rally May Be Overdone

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Zuckerberg admits Meta has ‘made mistakes’ in AI workforce overhaul: report

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Zuckerberg links Meta layoffs to AI spending, won't rule out more cuts

Meta CEO Mark Zuckerberg acknowledged Friday that the company has “made mistakes” as it undergoes a sweeping workforce overhaul tied to its aggressive push into artificial intelligence (AI).

Zuckerberg made the remarks in an internal memo to employees, according to Reuters, which reported that the Meta chief warned of challenges associated with the rapid development of AI technology.

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Meta has poured billions of dollars into AI infrastructure and tools as it competes with OpenAI, Google and Microsoft for dominance in the emerging technology.

The company has also explored ways to use AI agents to perform tasks currently handled by employees.

MARK ZUCKERBERG SAYS META HAS ‘MADE MISTAKES’ DURING ITS AI-DRIVEN WORKFORCE OVERHAUL, WARNING OF CHALLENGES TIED TO THE RAPID DEVELOPMENT OF ARTIFICIAL INTELLIGENCE.

Mark Zuckerberg sits at a witness table

Meta CEO Mark Zuckerberg said the company has “made mistakes” as it restructures its workforce around artificial intelligence. (Alex Wong/Getty Images / Getty Images)

“Given the complexity of these changes, we’ve made mistakes and will almost certainly make more,” Zuckerberg said.

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He added that he is “focused on providing as much stability as possible” as the company continues to reshape its workforce.

“I don’t want to overpromise because the world is changing in ways that are out of our control,” Zuckerberg said.

META LAUNCHES $115M SKILLED TRADES ACADEMY WITH GUARANTEED JOBS FOR GRADUATES IN 4 STATES

Meta AI

Meta has invested billions of dollars in artificial intelligence as it seeks to compete with OpenAI, Google and Microsoft. (Getty Images / Getty Images)

He also reiterated that Meta does not expect any additional company-wide layoffs this year.

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The comments come after Meta laid off roughly 10% of its global workforce in May and reassigned approximately 7,000 employees to AI-focused initiatives.

Ticker Security Last Change Change %
META META PLATFORMS INC. 566.98 -1.45 -0.26%

Zuckerberg reportedly said the company will attempt to find new positions for employees reassigned to train AI models.

AMERICA CAN’T COMPETE WITH CHINA IN AI WITHOUT THESE WORKERS, META’S PRESIDENT SAYS

Meta CEO Mark Zuckerberg listens during a White House dinner.

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., during a dinner with tech leaders in the State Dining Room of the White House in Washington, D.C., Sept. 4, 2025.  (Will Oliver/EPA/Bloomberg/Getty Images, File / Getty Images)

“By creating important new roles for people, this also allowed us to shrink the size of teams knowing that if we make mistakes in some places, then we could transfer some people back,” Zuckerberg said.

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According to Reuters, the restructuring — combined with previous transfers and role eliminations — is expected to ultimately affect about 20% of Meta’s workforce.

Meta employed nearly 78,000 people as of the end of March, according to company securities filings.

FOX Business has reached out to Meta for comment.

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FOX Business’ Bradford Betz and Reuters contributed to this report.

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U.S. IPO Weekly Recap: SpaceX Completes Record-Breaking $75 Billion IPO And Trades Up 19%

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U.S. IPO Weekly Recap: SpaceX Completes Record-Breaking $75 Billion IPO And Trades Up 19%

U.S. IPO Weekly Recap: SpaceX Completes Record-Breaking $75 Billion IPO And Trades Up 19%

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AppLovin: Conversion Rates Are Rising And So Is The Bull Case

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AppLovin Stock Q4: Market Is Focused On Competition; I’m Focused On ROAS From AppDiscovery

AppLovin: Conversion Rates Are Rising And So Is The Bull Case

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Form 13D/A Americas Gold & Silver Corp For: 12 June

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Form 13D/A Americas Gold & Silver Corp For: 12 June

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Intel: Optimism Is Getting Expensive

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Intel: Optimism Is Getting Expensive

Intel: Optimism Is Getting Expensive

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Frozen pizza snack recalled in 21 states over possible metal pieces

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Frozen pizza snack recalled in 21 states over possible metal pieces

Thousands of cases of a frozen pizza snack sold in 21 states are being recalled because they may contain metal pieces.

Rich Products Corp. voluntarily issued the recall of 6,408 cases or more than 160,000 pounds of its Farm Rich Pizza Cheese Crunchers, according to the U.S. Food and Drug Administration.

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The pizza was sold in Alabama, Arkansas, California, Florida, Georgia, Indiana, Iowa, Kansas, Kentucky, Maryland, Michigan, Missouri, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas and Wisconsin.

FORD RECALLS MORE THAN 255,000 VEHICLES OVER ENGINE STALL RISK

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Thousands of cases of a frozen pizza snack sold in 21 states are being recalled because it may contain metal pieces. (Jeffrey Greenberg/Universal Images Group via Getty Images / Getty Images)

The recall was initiated by the New York-based company on May 19.

The product has a best-by date of July 7, 2027, with a UPC code of  041322652256 and a lot number of 003029976.

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MORE THAN 17K COFFEE MAKERS RECALLED AFTER DOZENS OF REPORTED BURN INJURIES. 

The FDA classified the recall as a Class II health risk, which means the defect could cause temporary or medically reversible health problems.

The agency didn’t specify if any injuries had been reported or how the possible contamination was discovered. 

pizza crunchers box

Rich Products Corp. voluntarily issued the recall of 6,408 cases or more than 160,000 pounds of its Farm Rich Pizza Cheese Crunchers, according to the U.S. Food and Drug Administration. (farmrich.com / Unknown)

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The recall comes weeks after another frozen pizza recall over salmonella concerns.

A sign for the Food And Drug Administration is seen outside of the headquarters

WHITE OAK, MD – JULY 20: A sign for the Food And Drug Administration is seen outside of the headquarters on July 20, 2020, in White Oak, Maryland.  ((Photo by Sarah Silbiger/Getty Images) / AP Newsroom)

The pizzas, which spanned several brands, had been sold at Walmart and Aldi.

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Brighthouse Financial: Deal Discount Is Attractive (Rating Upgrade)

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Brighthouse Financial: Deal Discount Is Attractive (Rating Upgrade)

Brighthouse Financial: Deal Discount Is Attractive (Rating Upgrade)

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