Zuckerberg Admits Meta's Layoffs Are About AI Costs, Not AI Replacing Workers

May 1, 2026: Mark Zuckerberg admits in an all-hands meeting that Meta's 8,000 layoffs aren't because AI is replacing workers — they're because AI infrastructure is expensive, and compute won the budget battle over people. The Washington Post reports that "AI washing" is rampant across Silicon Valley — companies using the technology as cover for a pandemic-era hiring hangover. And Snap's CEO, whose company has AI writing two-thirds of its code, warns that tech leaders are dangerously underestimating the societal backlash building against AI.