Sign of the Times: Meta cuts workforce 10%
Meta plans to cut 10% of its global workforce due to increased investment in artificial intelligence (AI) technologies toward the end of May, according to a recent report by Reuters.
On May 20, states a post on MediaPost, “Meta will lay off approximately 8,000 employees in the first wave of what may be an ongoing series of job cuts scheduled throughout the remainder of 2026, although “executives may adjust their plans” based on ongoing developments in AI functionality, the report adds.
“Reuters first hinted at the potential of a 20% workforce reduction — about 16,000 jobs — in mid-March, marking what could be the company’s largest round of layoffs since 2022 and 2023, when a combined total of 21,000 staffers lost their jobs, per CEO Mark Zuckerberg’s proclaimed “year of efficiency.””
Notably, continues the post, “Meta is directing more of its money into its AI ambitions, which involves investing heavily in AI chips, top talent, data centers and strategic acquisitions, including the recent purchase of AI agent and social-media platform Moltbook.”
