Meta and LinkedIn intensify tech sector restructuring amid AI competition. Meta plans to lay off approximately 8,000 employees while shifting 7,000 workers into AI-focused roles across four new organizations. The social media giant is also leaving nearly 6,000 open positions unfilled as part of efficiency measures. Meanwhile, LinkedIn is cutting over 600 jobs as Microsoft offers buyouts to thousands. Meta has increased its 2026 capital expenditure guidance to $125 billion-$145 billion from $115 billion-$135 billion, driven by higher component pricing and data center costs for AI expansion. Despite these aggressive investments, Meta's stock has declined nearly 9 percent this year, with JPMorgan Chase downgrading shares amid investor concerns about the company's heavy spending on artificial intelligence infrastructure and uncertain returns on these investments.
