Meta plans to slash roughly 8,000 jobs next month: report
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Meta is planning to cut around 8,000 jobs, roughly 10% of its workforce, in an initial round of layoffs on May 20. The company is also planning additional layoffs later this year as it seeks to offset rising artificial intelligence costs.
Meta is preparing to cut around 8,000 jobs, or 10% of its workforce, on May 20. The company is also planning additional layoffs later this year. The cuts are aimed at offsetting the cost of AI infrastructure and streamlining operations with AI-assisted workers. Meta has invested billions of dollars in artificial intelligence and has reorganized teams within its Reality Labs division. The company employed nearly 79,000 people as of December 31. A 20% reduction would mark Meta's largest restructuring since 2022 and early 2023, following previous layoffs of 11,000 workers in November 2022 and 10,000 jobs months later.
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