Meta Announces Major Workforce Cuts to Fuel $600B AI Expansion
Meta plans to cut 20% of its workforce, redirecting resources toward a $600 billion AI expansion, marking its largest restructuring since 2023.
News & Insights Across Asia
Meta plans to cut 20% of its workforce, redirecting resources toward a $600 billion AI expansion, marking its largest restructuring since 2023.
Record January layoffs and hiring freezes signal U.S. corporate caution amid economic uncertainty, with tech and manufacturing sectors most affected in 2026.
KONE pledges increased investment in China, highlighting its role as a key manufacturing and R&D center amid strengthened Finland-China economic collaboration.
Warner Bros. Discovery rejects Paramount’s bid, paving the way for an $83 billion deal with Netflix that could reshape Asia’s streaming landscape and content production dynamics.
Despite high hopes, many companies report slow returns on AI investments in 2025, facing technical hurdles and user preference challenges.