Meta Platforms Chief Executive Officer Mark Zuckerberg sought to reassure employees about the company’s strategy, especially its emphasis on artificial intelligence, just two weeks after it finished the latest round of job cuts.
Management jettisoned 10 000 employees in a drawn-out firing process that left the Menlo Park, California-based company without a tech road map and shook employee confidence in the direction for the business, people familiar with the matter have said. Since announcing spending cuts and its AI focus in recent months, investors have flocked to the stock, which has more than doubled this year, closing at $264.58 Thursday in New York.
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