New Economy Review

Tech Industry

4 articles

Robotic arms and AI interfaces overshadowing a group of concerned employees, symbolizing Meta's layoffs due to AI advancements.
Global Markets

AI advancements drive Meta layoffs, impacting 8,000 employees

Meta Platforms is reducing its workforce by approximately 8,000 employees and plans to close 6,000 open job roles, according to The New York Times .

Arthur Sterling·May 20, 2026
Employees silhouetted against massive, glowing AI servers in a dimly lit data center, representing Meta's AI-focused restructuring and workforce changes.
The Future of Work

Meta lays off 8,000 in AI-focused restructuring

Even as Meta prepares to lay off 8,000 employees this week, the company is committing $135 billion to AI projects this year.

Nolan Begay·May 20, 2026
Futuristic cityscape with AI interfaces and Baidu's logo, symbolizing the rise of artificial intelligence in business and technology.
The Future of Work

Baidu's AI business revenue hits $1.9 billion, outpacing ads

In the first quarter, Baidu's Core AI-powered Business revenue surpassed half of its General Business revenue for the first time, even as its traditional online marketing services plummeted 22 percent

Nolan Begay·May 18, 2026
A young professional looking stressed at a desk with a glowing AI interface, representing the displacement of early-career talent by artificial intelligence.

AI is quietly displacing early-career talent, not mass layoffs.

Snap CEO Evan Spiegel just axed about 1,000 staff, roughly 16% of his workforce, blaming AI.

Ben Carter·May 14, 2026