Meta targets May 20 for first wave of layoffs; additional cuts later in 2026
Meta plans to lay off around 10% of its global workforce, approximately 8,000 employees, on May 20, with further cuts planned later in the year. The company is restructuring to achieve greater efficiency with AI-assisted workers.
Meta is set to conduct its first wave of layoffs on May 20, affecting around 10% of its global workforce, or approximately 8,000 employees. The company plans further layoffs in the second half of the year, although details are not yet settled. Meta is investing heavily in artificial intelligence and is restructuring to achieve greater efficiency with AI-assisted workers. The company employed nearly 79,000 people as of December 31. Meta's shares are up 3.68% since the start of the year, and it generated over $200 billion in revenue last year. The company is reorganizing teams and transferring engineers into new AI-focused organizations.
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