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.

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.

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.

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 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.

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.

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

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.

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

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.

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

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.

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. 

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.

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.

NEW YORK — The Dow Jones Industrial Average edged higher on Friday, gaining 41.80 points or 0.08% to close at 50,890.55 as investors digested a steady stream of corporate earnings reports and weighed prospects for monetary policy amid moderating inflation pressures.

The blue-chip index recorded a modest advance in a session marked by selective buying across sectors. While gains were restrained, the move reflected underlying resilience in corporate America and continued optimism that the Federal Reserve may ease policy later in the year if economic data remains supportive.

Market Drivers and Sector Performance

Corporate earnings continued to provide a constructive narrative. Several major Dow components reported results that met or exceeded expectations, demonstrating pricing power and operational efficiency despite higher costs. Technology and financial names offered support, while industrial and consumer stocks showed mixed results depending on individual guidance.

The latest inflation readings have reinforced expectations of a patient Federal Reserve. Headline Consumer Price Index figures for May showed 4.2% year-over-year growth, driven largely by energy, but core measures remained closer to the central bank’s 2% target. This balance has kept rate cut hopes alive without immediate pressure for aggressive action.

Energy stocks traded in a tight range as oil prices stabilized following recent geopolitical developments. Defensive sectors such as consumer staples and healthcare provided stability amid broader market rotation.

Broader Economic Picture

The U.S. economy continues to demonstrate resilience, with steady consumer spending and a balanced labor market. Recent employment data has eased recession fears while wage growth in certain sectors supports demand. Challenges persist in housing and for lower-income households facing elevated costs, but overall conditions appear stable enough to support moderate growth.

Analysts note that corporate America’s ability to navigate higher interest rates has been a key factor supporting equity valuations. Forward guidance from earnings calls has generally been constructive, with many executives citing stable demand and focus on efficiency.

Technical and Sentiment Indicators

The Dow’s modest gain kept it trading near recent highs, with technical indicators showing neutral to mildly bullish momentum. Support levels have held firm, while resistance near 51,000 remains a focus for traders. Options activity suggested measured positioning, with implied volatility remaining contained.

Investor sentiment has improved modestly, supported by earnings resilience and potential policy flexibility. However, caution persists around upcoming data releases and geopolitical developments that could influence risk appetite.

Global Market Influence

International markets showed mixed performance, with European indexes posting modest gains and Asian markets closing with varied results. The U.S. dollar traded in a narrow range, reflecting balanced global perceptions. Commodity prices, particularly in metals and energy, provided limited spillover into broader sentiment.

The Dow’s performance served as a stabilizing influence amid rotation into small-cap and mid-cap names, as evidenced by stronger moves in the Russell 2000.

Analyst and Strategist Views

Wall Street strategists maintain a generally constructive outlook for equities, citing resilient corporate profits and the potential for monetary easing. Focus remains on company-specific execution and macroeconomic data rather than broad directional bets.

Technology and financial analysts highlight the importance of innovation and margin management. In industrials and consumer sectors, emphasis is on supply chain efficiency and pricing dynamics.

Investment Implications

For investors, the current environment rewards selectivity and quality. Companies with strong balance sheets, clear growth strategies and pricing power are favored. Diversification across sectors and market capitalizations helps manage volatility.

Longer-term investors may view periodic consolidation as opportunities to add to high-quality names. Shorter-term participants monitor technical levels and upcoming catalysts closely. Risk management remains essential given the potential for sharp moves around key events.

Looking Ahead

Markets will continue monitoring upcoming economic releases, including retail sales and further inflation metrics. Corporate earnings season remains in focus, with additional reports expected to shape sentiment in the days ahead.

The Dow’s ability to hold recent gains will be an important technical test. As the second half of 2026 progresses, focus will remain on the interplay between corporate performance, monetary policy decisions and global economic developments.

Friday’s modest advance leaves the Dow well-positioned after recent consolidation. Many analysts view current levels as supported by fundamentals, though execution risks and external shocks could introduce volatility.

The blue-chip index’s performance continues to serve as a key barometer for investor confidence in the broader economy. With corporate resilience on display and policy flexibility possible, the Dow retains potential for measured gains if positive trends persist.

As trading continues, participants will parse new information for signals on sustainability of current valuations and growth prospects. The session’s activity underscores the market’s capacity to absorb news and find buying opportunities amid a complex backdrop.

Overall, the Dow’s incremental progress reflects balanced optimism as investors weigh opportunities against inherent uncertainties in the current environment. The coming weeks will provide further clarity on corporate momentum and policy direction.

Elon Musk’s SpaceX debuted on the public market on Friday, raising $75 billion in what was the largest IPO in history.

SpaceX’s IPO more than doubled the previous IPO record and provides the company with capital to help finance what Musk explained on a pre-IPO livestream with JPMorgan Chase will be a “significant growth phase” as it ramps up the deployment of its Starlink communications satellites and looks to build artificial intelligence (AI) data centers in space.

The IPO is the first of several highly anticipated IPOs that are expected to occur later this year, with a pair of companies at the forefront of the AI boom – ChatGPT-maker OpenAI and Anthropic – taking steps toward a debut.

SPACEX MAKES HISTORIC DEBUT; MUSK SOLIDIFIES STATUS AS WORLD’S FIRST TRILLIONAIRE

SpaceX employees rang the Nasdaq’s opening bell as the company debuted with a record IPO on June 12, 2026. (Michael Nagle/Bloomberg via Getty Images)

It remains to be seen whether those looming IPOs will break the new record set by SpaceX, but here’s a look at the four other IPOs that round out the list of the five largest in history:

Saudi Aramco

SpaceX’s IPO more than doubled Saudi Aramco’s previous IPO record. (Hamad I Mohammed/Reuters)

Saudi Arabia’s state-owned oil company went public in December 2019, with the deal initially raising $25.6 billion in capital after listing on the Saudi stock exchange.

That amount grew to about $29.4 billion after Saudi Aramco and its underwriters exercised an over-allotment option – also known as a greenshoe option – that allowed Aramco to issue more shares due to the high level of demand from investors.

ANTHROPIC FILES CONFIDENTIALLY FOR IPO

Alibaba

Several of the largest IPOs had such strong demand that underwriters offered more shares shortly after the debut. (Qilai Shen/Bloomberg via Getty Images)

The China-based e-commerce giant Alibaba went public in September 2014 with a $21.8 billion capital raise, which ranked as the largest at the time.

As with the Saudi Aramco IPO, intense demand prompted Alibaba’s underwriters to use an option to issue more shares that boosted the total amount raised to $25 billion. The company is listed on the New York Stock Exchange.

SPACEX’S FIRST EMPLOYEE SAYS HISTORIC $1.7T IPO WILL BE ‘LIFE-CHANGING’ FOR THOUSANDS OF WORKERS

SoftBank

SoftBank CEO Masayoshi Son said in December 2024 that his firm would invest $100 billion in the U.S. with the goal of creating 100,000 new jobs. (Andrew Harnik/Getty Images)

Japan-based communications provider SoftBank debuted in December 2018 with a $21.3 billion IPO on the Tokyo Stock Exchange.

The company’s parent, SoftBank Group, is a major tech investor around the world and has made notable investments in U.S. AI companies and chipmakers. SoftBank CEO Masayoshi Son said in December 2024 that his firm would invest $100 billion in the U.S. with the goal of creating 100,000 new jobs.

Agricultural Bank of China

An Agricultural Bank of China Ltd. branch in Shanghai, China, on Jan. 6, 2026. (Raul Ariano/Bloomberg via Getty Images)

The 2010 IPO of the Agricultural Bank of China was the world’s largest at the time, totaling an initial $20.8 billion – though that figure later grew to $22.1 billion when it issued more shares on exchanges in Hong Kong and Shanghai through a dual-listing.

The firm is one of the largest financial institutions in China in terms of assets and customers, serving as the primary bank for Chinese agricultural businesses.

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