Meta Announces 10% Workforce Reduction of 8,000 Employees
Meta announced it will lay off 10% of its workforce—about 8,000 employees—starting May 20, and will not hire for 6,000 open roles. The cuts are part of the company's effort to improve efficiency while ramping up massive investments in artificial intelligence infrastructure.
Major Job Cuts Announced
Meta plans to lay off 10% of its workforce, about 8,000 employees, as the company continues to ramp up investments in artificial intelligence. The cuts will begin May 20, and the company is scrapping plans to hire people for 6,000 open roles, according to a Thursday memo to employees.
AI Spending Surge
The company spent $72.2 billion on capital expenditures in 2025, or costs related to data centers and other AI infrastructure, with that number expected to climb to at least $115 billion in 2026.
Industry Trend
Microsoft confirmed on Thursday that it will offer voluntary buyouts to some U.S. employees, a first for the 51-year-old software giant, with about 7% of U.S. employees eligible.