Meta braces for sweeping layoffs: 20% workforce reduction on the cards, largest since 2022
Meta is preparing for significant layoffs, potentially cutting up to 20% of its workforce, as it ramps up spending on artificial intelligence. The move is part of a broader trend in the tech industry, where companies are restructuring amid heavy AI investments.
Meta is set to undergo significant layoffs, with an initial wave expected on May 20, potentially cutting around 10% of its global workforce, or nearly 8,000 employees. The total reduction may eventually reach 20%, making it Meta's largest restructuring since 2022. The company is increasing spending on artificial intelligence, investing in infrastructure and talent to stay competitive. To balance rising costs, Meta is streamlining operations and relying on AI-driven efficiencies. The company has already begun reshaping its internal structure, reorganizing teams within its Reality Labs division and shifting engineers into a newly formed Applied AI group. As of December 31, Meta employed nearly 79,000 people, and a 20% workforce reduction would significantly exceed previous cuts.
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