Meta AI layoffs today: 600 jobs are already being cut from Alexandr Wang's superintelligence lab

Core Insights - Meta is laying off approximately 600 employees from its AI research lab, which aims to develop a superintelligent AI system [2][3] - The layoffs occur amidst significant investments in AI by major tech companies, with Meta planning to invest between $60 billion and $65 billion in capital expenditures by 2025 [4] - Meta has been rapidly implementing AI advertising features and is constructing a large data center in Manhattan to support its AI initiatives [5] Financial Performance - Meta's shares experienced a slight dip of 0.4% in morning trading but mostly recovered [7] - In Q2 2025, Meta reported revenue of $47.52 billion, exceeding estimates of $44.80 billion, with earnings per share (EPS) of $7.14, surpassing the expected $5.92 [7] - The company's third quarter 2025 financial results are scheduled for release on October 29 [8]