NYSE:MKL 30 April 2026

June 15, 2026, 4:34 AM EDT. Meta CEO Mark Zuckerberg admitted to errors in AI workforce restructuring, following internal frustration within the 6,500-strong Applied AI team. After a 10% staff cut in May and reassigning 7,000 employees to AI roles, tensions rose against tracking U.S. staff keystrokes for AI projects, leading to a petition signed by 1,600 workers. Meta rolled back the tracking, allowing pauses and exceptions. Zuckerberg pledged no broad layoffs this year, support for reassigned staff, and plans to bolster morale via manager layer cuts, offsites, and an AI hackathon in July. Meta also raised its 2026 capital spending target on AI-related infrastructure to $125-$145 billion, citing higher component costs and data center investments.