Download the ETHRWorld App and get the Realtime updates and Save your favourite articles. Earlier this week, it acquired Moltbook, a social networking platform built for AI agents. "Meta's plans reflect a broader pattern among major U.S. companies, particularly in tech, this year. Executives have pointed to recent improvements in AI systems as one reason for the changes.In January, Amazon confirmed it would cut some 16,000 jobs, amounting to nearly 10% of ⁠its workforce. (Reporting by Deepa Seetharaman and Jeff Horwitz in San Francisco and Katie Paul in New York; editing by Kenneth Li, Rod Nickel and Diane Craft)

Source: Economic Times March 14, 2026 14:22 UTC