A group of current and former Meta employees filed a lawsuit claiming the company used artificial intelligence in its recent layoffs in a discriminatory way. The lawsuit alleges Meta's AI systems ignored approved absences like medical or family leave, leading to unfair cuts of employees, including those with disabilities and pregnancy-related protections. The plaintiffs seek to halt further layoffs pending an independent audit of Meta's AI-driven layoff process. Meta denies the claims, stating workforce decisions are made by people, not AI. This case follows a similar lawsuit against Workday over AI use in hiring, highlighting growing concerns about AI's impact on employment fairness.
Jim Cramer cautioned that the recent rally in Big Tech stocks like Alphabet, Microsoft, Meta, and Amazon might be more about investor optimism than real improvements in their business fundamentals. Despite positive news such as Warren Buffett's endor...
Meta Platforms faces a lawsuit from 26 employees alleging the company used AI tools and automated metrics to select workers for layoffs, disproportionately affecting those on medical, parental, or family leave. The lawsuit claims Meta's AI-driven per...
TappAlpha introduced the TappAlpha Cboe Magnificent 10 Growth & Daily Income ETF (TMGN), which offers exposure to the Cboe Magnificent 10 Index featuring leading tech companies like Nvidia, Microsoft, and Apple. This ETF applies TappAlpha's options-b...
Meta faces a lawsuit from 26 employees accusing the company of using AI tools that unfairly targeted workers with disabilities and those on medical leave during recent layoffs. The suit claims Meta's AI system, including an internal bot and activity ...
Meta Platforms announced it will release its second quarter 2026 financial results after market close on July 29, 2026. The company will hold a conference call at 1:30 p.m. PT to discuss the results, which will be available live via webcast on its in...
