Meta to cut 10% of staff as it pours billions into AI
Meta plans to lay off 10% of its workforce, or around 8,000 people, as it continues to heavily invest in artificial intelligence, with capital expenditures expected to rise to at least $115 billion in 2026. The company will offer affected US employees 16 weeks of base pay along with two weeks for every year of employment.
Meta is laying off roughly 10% of its workforce, or about 8,000 people, effective May 20. The company is also closing around 6,000 open roles. Meta's chief people officer, Janelle Gale, stated that the layoffs are part of the company's effort to run more efficiently and offset investments in artificial intelligence. Meta spent $72.2 billion on capital expenditures in 2025 and expects to spend at least $115 billion in 2026. The company has been acquiring AI startups and investing heavily in its superintelligence lab to compete with OpenAI. Meta will offer affected US employees 16 weeks of base pay along with two weeks for every year of employment.
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