Business
Zuckerberg links Meta layoffs to AI spending, won’t rule out more cuts
Meta President Dina Powell McCormick discusses AI innovation, potential threats, and details the platform’s new Muse Spark model on ‘Mornings with Maria.’
Meta CEO Mark Zuckerberg said Thursday the company’s latest round of layoffs is tied to increased spending on artificial intelligence, while leaving the door open to additional job cuts.
Zuckerberg made the remarks during a company town hall, his first time addressing employees since Meta confirmed plans to cut roughly 8,000 jobs — about 10% of its workforce.
The layoffs, which are expected to begin May 20, come as the company ramps up investment in AI and infrastructure, FOX Business previously reported.
“We basically have two major cost centers in the company: compute infrastructure and people-oriented things,” Zuckerberg said, according to Reuters.
ELON MUSK SAYS HE WAS A ‘FOOL’ FOR FUNDING OPENAI: REPORT

Meta CEO Mark Zuckerberg said the company’s latest layoffs are tied to increased spending on artificial intelligence. (Alex Wong/Getty Images / Getty Images)
“If we’re investing more in one area to serve our community, then that means we have less capital to allocate to the other,” he added. “So that means we do need to take down the size of the company somewhat.”
Zuckerberg said the cuts are not tied to Meta’s shift toward an “AI-native” structure or efforts to build autonomous AI agents.
“Getting everyone internally to use AI tools and getting to do the work more efficiently is not the thing that’s driving layoffs,” he said.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| META | META PLATFORMS INC. | 611.91 | -57.21 | -8.55% |
Still, Zuckerberg declined to rule out additional job cuts.
FEDERAL RESERVE LEAVES INTEREST RATES UNCHANGED AS POWELL’S CHAIRMANSHIP NEARS END

Meta CEO Mark Zuckerberg said the company is cutting jobs as it ramps up investment in artificial intelligence. (David Paul Morris/Bloomberg via Getty Images / Getty Images)
“We’ll see how all this stuff trends” he said, adding that the company would “be able to share more soon.”
“I wish that I can tell you that I have a crystal ball plan for the next, like, three years of how all this stuff is going to play out,” he said. “I don’t. I don’t think anyone does.”
Meta, the parent company of Facebook, Instagram and WhatsApp, has also begun tracking employee activity — including clicks, shortcuts and how workers navigate apps — as part of efforts to train its AI systems.
US ECONOMIC GROWTH BOUNCES BACK, AS AI BUILDOUT AND CONSUMER SPENDING FUEL FIRST QUARTER

Mark Zuckerberg, chief executive officer of Meta Platforms Inc., appears during the Meta Connect event in Menlo Park, California, on Sept. 17, 2025. (David Paul Morris/Bloomberg via Getty Images / Getty Images)
Reuters reported the layoffs and monitoring efforts have sparked internal criticism, with employees voicing concerns on company message boards.
Meta referred FOX Business to comments from CFO Susan Li, who said during an earnings call that the company’s long-term size remains uncertain.
“We don’t really know what the optimal size of the company will be in the future,” Li said, citing rapid changes in AI capabilities.
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Meta previously cut 11,000 jobs in November 2022 and another 10,000 months later. The company employed nearly 79,000 people as of Dec. 31, according to its latest filing.
FOX Business’ Louis Casiano and Reuters contributed to this report.
Business
Pilgrim’s Pride Logs Lower Profit, Higher Revenue
Pilgrim’s Pride PPC 6.26%increase; green up pointing triangle reported a lower profit but higher revenue in the first quarter, citing resilient chicken demand.
The chicken and pork manufacturer Wednesday logged a profit of $101.4 million, or 43 cents a share. That compares with a profit of $296 million, or $1.24 a share, a year earlier.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Business
13-Week Money Supply Growth Is Trending Above 5%
13-Week Money Supply Growth Is Trending Above 5%
Business
Yen jumps as Japan threatens more intervention at end of busy central bank week

Yen jumps as Japan threatens more intervention at end of busy central bank week
Business
Yen jumps sharply as Japan warns it is ready to intervene again

Yen jumps sharply as Japan warns it is ready to intervene again
Business
Adamas Trust, Inc. 2026 Q1 – Results – Earnings Call Presentation (NASDAQ:ADAM) 2026-05-01
Q1: 2026-04-29 Earnings Summary
EPS of $0.29 beats by $0.06
| Revenue of $48.41M (46.27% Y/Y) misses by $1.17M
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Business
Bayer recalls nearly 800,000 Afrin bottles over child safety risk
Wall Street Journal chief economics correspondent Nick Timiraos discusses Jerome Powell’s future following his term as chairman, the Federal Reserve under Kevin Warsh and his take on the economy on ‘Mornings with Maria.’
Bayer issued a recall for nearly 800,000 units of Afrin nasal spray bottles after the packaging was found to be not child resistant on Thursday.
The U.S. Consumer Product Safety Commission (CPSC) announced the recall Thursday, saying any customers who purchased the product are entitled to a refund. The recall impacts 786,100 units of the 6ml travel-size Afrin nasal spray.
“This recall involves unexpired Travel Size Afrin® Original Nasal Spray 6 mL bottles, with Lot numbers 230361, 240822, 241198, 250066, 250152, 250646, and 250831. These travel size bottles have ‘Afrin® Original Nasal Spray’ and ‘1/5 FL OZ (6 mL)’ printed on a label located on the front of the bottle,” the CPSC recall reads.
“The 6 mL nasal spray’s packaging is not child-resistant nor bears the required labeling statement, posing a risk of serious injury or illness from poisoning if the contents are swallowed by young children,” the statement added.
BEEF STICKS FOOD PRODUCT RECALLED FOR ‘PIECES OF METAL’ FOUND INSIDE

The CSPC issued a recall for Afrin nasal spray. (CSPC)
No injuries have been reported in connection with the recall.
The news comes just a day after nearly 13,000 toddler towers across three brands were recalled after dozens of incidents and 21 injuries were reported due to stools collapsing or tipping, according to the CPSC.
The three affected products — Toetol Tower Stools, Wiifo Children’s Tower Stools and Amzcmj DGD Children’s Tower Stools — total about 12,830 stools, according to notices from the Consumer Product Safety Commission.

Toetol Tower Stools, Wiifo Children’s Tower Stools and Amzcmj DGD Children’s Tower Stools (Consumer Product Safety Commission)
The recall covers about 3,000 Toetol Tower Stools, 9,700 Wiifo Children’s Tower Stools and 130 Amzcmj DGD Children’s Tower Stools.
“The recalled tower stools can collapse or tip over while in use and a child’s torso can fit through the openings on the tower’s sides, posing a risk of serious injury and death due to tip over, fall and entrapment hazards,” the notices read.
For the Toetol Tower Stools, there have been 18 reports of the stools collapsing, resulting in 11 injuries, including contusions, cuts and scrapes.

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The wooden kitchen tower step stools were sold in white, gray and dark wood colors and measure about 20 inches deep, 15 inches wide and 36 inches tall with model DETD0001 printed on a label on the side. They were sold online on Amazon from October 2024 through March 2026 for about $130.
Business
SP Group A/S 2026 Q1 – Results – Earnings Call Presentation (OTCMKTS:SPGGF) 2026-05-01
Seeking Alpha’s transcripts team is responsible for the development of all of our transcript-related projects. We currently publish thousands of quarterly earnings calls per quarter on our site and are continuing to grow and expand our coverage. The purpose of this profile is to allow us to share with our readers new transcript-related developments. Thanks, SA Transcripts Team
Business
Hertz, Uber partner to build robotaxi fleets in major mobility push
FOX Business’ Taylor Riggs reports Uber and Hertz are expanding their partnership to power robotaxis, with Hertz naming Uber as its first major partner in a push to reshape the future of mobility.
Hertz is expanding beyond its traditional car rental business through a new partnership with Uber aimed at powering both autonomous robotaxi fleets and driver-led rideshare operations, signaling a broader shift in the transportation industry.
Under the agreement, Hertz’s newly launched unit, Oro Mobility, will manage vehicle operations for Uber, including maintenance, charging, cleaning and logistics for autonomous vehicles.
The robotaxi service, which will use Lucid vehicles equipped with Nuro self-driving technology, is expected to launch in the San Francisco Bay Area later this year, with potential “expansion opportunities” in 2027.
Hertz will also supply and operate fleets of vehicles driven by its own employees on Uber’s platform, building on a pilot program that has already expanded into Los Angeles and San Francisco with additional markets planned.
UBER, RIVIAN INK $1.25B DEAL TO PUT THOUSANDS OF ROBOTAXIS ON US STREETS

A Lucid Gravity autonomous taxi at the first National AV Safety Forum held by the National Highway Traffic Safety Administration at the Department of Transportation headquarters in Washington, D.C., March 10, 2026. (Alex Kent/Bloomberg via Getty Images)
The partnership highlights a shift in the ridesharing model away from individual car ownership toward centrally managed fleets. Hertz is positioning itself as a transportation infrastructure provider, leveraging its expertise in large-scale vehicle logistics and maintenance.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| UBER | UBER TECHNOLOGIES INC. | 74.61 | +0.14 | +0.19% |
| HTZ | HERTZ GLOBAL | 6.36 | +0.76 | +13.57% |
Uber, meanwhile, is continuing to emphasize a platform-driven model, relying on partners like Hertz to manage fleet operations as it scales both human-driven and autonomous rides.
For Hertz, the deal represents a high-stakes bet on a new growth strategy after years of turbulence, while, for Uber, it marks another step toward a hybrid network that could eventually integrate human drivers with self-driving vehicles at scale.

Uber is continuing to emphasize a platform-driven model. (Smith Collection/Gado/Getty Images)
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“Partnering with Hertz’s Oro Mobility will help us continue to bring the best autonomous technology onto the Uber platform and accelerate the transition to a hybrid network in which both driver-led and autonomous rideshare operations can scale and serve communities reliably and efficiently,” Uber’s Andrew Macdonald said in a statement.
“By combining Uber’s global platform and marketplace leadership with Oro’s dedicated fleet management expertise, we are well-equipped to meet increasing rideshare demand and deliver a seamless, high-quality rider experience across the entire mobility ecosystem.”
Business
Heating oil prices rose by 92% in March
Data suggests prices peaked on 8 April when 500 litres cost an average of £627.
Business
Build-A-Bear recalls 36,000 weighted bears over zipper choking hazard
The ‘Barron’s Roundtable’ panel recaps a wave of A.I.-induced market hits.
About 36,000 Build-A-Bear plush bears are being recalled due to a potential choking hazard, the U.S. Consumer Product Safety Commission (CPSC) announced Thursday.
The recall involves the Heartwarming Hugs weighted plush bear, which features a side pouch containing a heart filled with 2.5 pounds of ceramic beads that can be heated or cooled.
According to the CPSC, the pouch is secured with a zipper, but the zipper slider can detach, posing a choking hazard.
No injuries have been reported, but one incident in the United Kingdom involved the zipper slider detaching, the agency said.
COCAINE AND FENTANYL FOUND HIDDEN INSIDE BARBIE DOLL PACKAGING SOLD TO CUSTOMERS, POLICE SAY

A close-up of a Build-A-Bear plush bear included in a recall after officials warned a zipper component could pose a choking hazard. (U.S. Consumer Product Safety Commission / Unknown)
“The safety and wellbeing of our guests and their families is our highest priority,” Build-A-Bear said in a statement. “Out of an abundance of caution, consumers should immediately stop using the recalled Heartwarming Hugs Bear and return it to a local Build-A-Bear Workshop store to receive a refund in the form of the original payment or a gift card for the purchase price.”
The product is intended for ages 3 and up and includes a cautionary label advising adult supervision due to the heated and cooled element.
The bears were sold at Build-A-Bear Workshop stores and online beginning in January for about $48.
NEARLY 13K TODDLER TOWERS RECALLED AFTER DOZENS OF INJURIES FROM STOOLS COLLAPSING, TIPPING

Build-A-Bear external store sign. (Peter Dazeley/Getty Images)
The recall involves model number 034464, which can be found sewn into the back of the bear’s leg.
Consumers are urged to stop using the recalled bears immediately and return them to a Build-A-Bear Workshop store for a refund.
Customers who cannot visit a store can request a free return shipping label through the company’s website.
CLICK HERE TO GET FOX BUSINESS ON THE GO

A recall has been issued for certain Build-A-Bear plush toys over a potential choking hazard. (Enrico Mattia Del Punta/NurPhoto / Getty Images)
Build-A-Bear can be reached at 844-541-0144 or by email at ProductHotline@buildabear.com. More information is available on the company’s website under its recall section.
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