Meta CEO Mark Zuckerberg admitted to mistakes in the company's rapid workforce restructuring around artificial intelligence.
Zuckerberg ruled out further company-wide layoffs through 2026 in an internal memo to employees.
The company is capping employee spending on third-party AI tools to control surging usage costs.
Internal AI expenses were on a trajectory to reach billions of dollars.
Meta projected these costs would reach that level by 2026.
Zuckerberg pledged to address concerns regarding management structures and team-building budgets.
The move to control internal AI consumption follows pressure on Meta's stock price.