EL7.AI
StocksMedium•9 November 2026•
1 min read

Meta Cuts 8,000 Jobs and Boosts AI Infrastructure Budget to $145 Billion

Key Facts

1Meta eliminated approximately 8,000 positions and scrapped plans for 6,000 new hires.
2The company plans capital expenditures between $135 billion and $145 billion for 2026 to fund AI infrastructure.
3Meta advised investors that data center plans through 2028 could total nearly $600 billion.

Meta eliminated approximately 8,000 positions and scrapped plans for 6,000 new hires as part of a strategic shift toward artificial intelligence. Reuters reported that the company plans capital expenditures between $135 billion and $145 billion for 2026 to fund AI infrastructure. According to The Cool Down, Meta advised investors that data center plans through 2028 could total nearly $600 billion.

META closed at $610.15 on November 6, 2026, while peer technology stocks showed mixed performance; MSFT closed at $530.61 and AAPL closed at $342.37 on the same date. These moves occur as Meta seeks to maintain its competitive edge by redirecting resources toward chips and data centers, despite increasing investor questions regarding the material returns on these massive investments.

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