🚨 Meta slashing 10% of workforce (~8,000 jobs) starting May 20, 2026. More cuts coming later this year.
Zuck's play: AI-driven efficiency overhaul. Translation = fewer managers, more automation, leaner ops.
Macro implications:
→ Big Tech cost-cutting accelerates
→ AI replacing middle management at scale
→ Signals risk-off sentiment spreading beyond crypto
→ Watch for liquidity tightening across growth assets
If tradfi giants are trimming fat this aggressively, expect crypto markets to feel the downstream pressure. Stay liquid.