Meta Plans Fresh Job Cuts, Freezes Hiring As AI Spend Rises; What We Know So Far
Meta Platforms plans to cut around 8,000 jobs, roughly 10% of its workforce, starting May 20, and halt hiring for about 6,000 open roles as it increases investments in artificial intelligence. The company had previously eliminated over 20,000 roles in 2022 and 2023.
Meta Platforms is preparing to cut around 8,000 jobs, roughly 10% of its workforce, with layoffs expected to begin on May 20. The company will also halt hiring for about 6,000 open roles. This move comes as Meta increases its investments in artificial intelligence. Meta had employed approximately 78,865 people globally as of December 31. The company is set to announce its first-quarter earnings next week, with investors expected to track updates on capital allocation and AI investments. Meta's decision underscores a wider shift in major technology firms prioritizing AI infrastructure and cost discipline.
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