Company
Meta builds the open-weight Llama models and is one of the largest buyers of AI compute.
A rare public admission from a company that rarely admits anything: the cuts happened, the spend is enormous, and by Meta's own account the payoff hasn't arrived. The lesson is about what headcount can and can't buy.
A 57,000 payrolls print is a real signal about the labour market. Whether it is a signal about AI is a separate, and much harder, question.