Meta is reportedly planning layoffs that could eliminate 20% or more of its nearly 79,000-person workforce, roughly 16,000 jobs, as the company races to offset a staggering $135 billion AI infrastructure spending spree while betting that artificial intelligence can replace the humans it is cutting.
A devastating jobs report, an oil shock from the Iran war, tariff-driven inflation, and a paralyzed Federal Reserve all landed in the same week. This is what a perfect economic storm looks like.
The headline sounds like a punchline: top engineers at Anthropic and OpenAI say AI now writes 100% of their code. But they are not joking, and they are not alone. Boris Cherny, who runs Anthropic’s Claude Code product, says he has not written code by