Meta is up 17-straight days, laid off 5% of the corporate and most nonetheless assume jobs are protected

Shares of Mark Zuckerberg’s Meta are on an all-time heater proper now. They erased a morning selloff and are up for the 17th consecutive day in an unimaginable run that is much more unimaginable given turmoil in different Magazine 7 shares.

The market has come round to a couple views:

• Zuckerberg will pivot your complete group on a whim
• Cheaper AI is coming and that is nice information for Meta
• Open supply will win, which is what they have been doing with Llama

And most significantly:

Meta has the clearest enterprise case for AI as it could actually use fashions to generate textual content and pictures to enhance promoting.

I am completely on board with this pondering however what’s placing is that the corporate laid of 5% of workers on Monday. That was a ruthless transfer that I imagine units the stage for comparable sorts of culls elsewhere in company America.

The job programmer/developer has shortly gone from high-demand to a surplus and that is wanting terminal. As corporations proceed to show they’ll function with leaner groups whereas nonetheless boosting productiveness, the stress will likely be on each government crew to do the identical.

On the similar time we’ve got AI and robotics progress at a breakneck tempo that can unlock extra methods to chop employees. There is no slowing it down both as JD Vance was in Europe at the moment warning everybody to not even take into consideration regulating US tech corporations.

For all of the give attention to tariffs, politics and geopolitics in the mean time, solely actual development that issues is AI/robotics as a result of it’ll change every part.

This text was written by Adam Button at www.ubaidahsan.com.



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