Meta Earns Record $56B, Cuts 8K Jobs to Fund $145B AI

from Awesome Agents Podcast · host Awesome Agents

Meta posted a record Q1 2026 revenue of $56.3 billion on April 29, then announced 8,000 layoffs and raised its AI infrastructure budget to $145 billion - sending the stock down 7% despite the record earnings.

Episode metadata supplied by the publisher feed · Published May 7, 2026

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Meta Earns Record $56B, Cuts 8K Jobs to Fund $145B AI

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