Meta plans first wave of 8,000 layoffs on May 20
Meta plans to lay off around 8,000 employees, or 10% of its workforce, on May 20, with further cuts planned for later this year. The company is investing heavily in artificial intelligence and aims to increase efficiency with AI-assisted workers.
Meta is set to lay off approximately 8,000 employees on May 20, representing about 10% of its global workforce. The company plans additional layoffs in the second half of the year, although details are not yet finalized. Meta is heavily investing in artificial intelligence, with CEO Mark Zuckerberg aiming to reshape the company's inner workings around the technology. The layoffs are part of a broader trend among major US tech companies, with Amazon and Block also cutting jobs and citing efficiency gains from AI. Meta employed nearly 79,000 people as of December 31 and is in a relatively comfortable financial position compared to its previous restructuring in 2022-2023. The company has been reorganizing teams and transferring engineers into new AI-focused organizations.
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