Meta Signs $21B CoreWeave Deal as Contractor Sama Lays Off 1,108 Staff
Meta signed a $21B incremental contract with CoreWeave and backed a new Anthropic deal, prompting Bernstein to raise CoreWeave’s price target to $67 while keeping an Underperform rating. Separately, Meta ended its engagement with contractor Sama, which laid off 1,108 Kenyan moderators seeking $1.6B in compensation.
1. CoreWeave Agreement Details
Meta expanded its relationship with CoreWeave under a $21 billion incremental contract and supported a separate Anthropic agreement. Bernstein raised CoreWeave’s price target to $67 from $56 but maintained an Underperform rating, citing potential long-term risks despite strong near-term performance.
2. Sama Contractor Layoffs
Meta ended its major engagement with Nairobi-based contractor Sama, prompting the layoff of 1,108 content moderators. Affected employees are pursuing $1.6 billion in compensation for alleged low wages and insufficient mental-health support after years of moderating graphic content, while Sama shifts focus to AI data labeling.