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But on the night of May 19, just hours before the first layoff wave, Zuckerberg blinked. Meta laid off 10% of its employees the next day, but it called off planning for the November cuts, according to one internal document reviewed by Reuters.

By then, Meta employees were in open revolt, convinced that the company’s AI transformation initiatives were partly aimed at replacing them. Internal data was also suggesting that autonomous AI “agent” technology at the heart of the strategy was failing to deliver hoped-for productivity gains. Some investors were questioning what Meta had to show for its gargantuan spending on AI.