Reuters reports that Meta developed an internal restructuring effort, codenamed Project OT, that explored replacing much of the daily work of thousands of employees with AI systems overseen by small human teams. The plan, reportedly set in motion by CEO Mark Zuckerberg, called for two rounds of layoffs; the first occurred in May, but Meta scrapped the second round. Meta confirmed the scenario-planning exercise took place but said not every scenario was implemented, noting thousands of employees were instead redeployed to new priority teams.
arstechnica.com
· 2026-08-26
A National Bureau of Economic Research survey found that more than 90 percent of executives reported no impact from AI on their firm's employment over the past three years, and 89 percent saw no gains in labor productivity. Despite this, companies are continuing to cut jobs while citing AI as justification, according to University of Pittsburgh professor Mark Ma.
futurism.com
· 2026-08-25
A recent 9to5Mac Daily podcast episode recapped two developing Apple-related stories: Walmart's rollout of Apple Pay acceptance and reports of layoffs within Apple. The episode format summarizes daily Apple news for listeners via podcast platforms.
9to5mac.com
· 2026-08-24
Prediction market platforms Kalshi and Polymarket have expanded beyond sports and elections to let users wager on whether major companies will cut jobs in upcoming quarters. Experts say the growing volume of these markets is worth watching as a potential signal of workforce sentiment.
fastcompany.com
· 2026-08-24
A new round of job cuts hit major tech firms including Apple, TikTok, LinkedIn and Netflix in August 2026, continuing a year of workforce reductions across the industry. Total layoffs for 2026 have already exceeded the full-year figure for 2025.
fastcompany.com
· 2026-08-24
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