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International Business Times UK
International Business Times UK
Technology
Christian Nogot Puno

Zuckerberg Admits Meta's AI Development 'Hasn't Accelerated' Despite Billions Invested and 8,000 Job Cuts

Meta’s AI gamble: massive spending, layoffs, and uncertain timelines as Zuckerberg admits progress is behind expectations. (Credit: Anthony Quintano / Flickr, CC BY 2.0)

Mark Zuckerberg told Meta staff on 2 July 2026 that the company's AI agents 'hasn't really accelerated in the way that we expected,' four months after he restructured the business and cut roughly 8,000 jobs to chase that acceleration. For anyone told for the past year that a bot is about to do their job, the admission from the tech boss who bet hardest on that future carries a blunt message: the timeline was oversold.

According to a recording of the internal town hall heard by Reuters, Zuckerberg said the bets made during the reorganisation 'haven't come to fruition yet' and that the reshuffle was not as 'clean' as it could have been. He was talking about AI agents, automated systems meant to carry out tasks on a person's behalf. They are the whole premise behind the layoffs, and on his own account, they are running late.

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