Meta to Lay Off 10% of Staff Amid Major Investments
Meta is set to lay off 10% of its workforce, impacting around 8,000 employees. Discover how this decision aligns with their ambitious AI investments and future plans.
Major Layoffs at Meta
In a significant move, Meta has announced plans to lay off approximately 10% of its workforce, translating to around 8,000 job cuts. This decision comes as part of a strategy to offset substantial investments in artificial intelligence and other core business areas. According to Janelle Gale, Meta's chief people officer, these layoffs are essential for running the company more efficiently.
The company is also closing about 6,000 open roles, indicating a shift in focus towards its Meta Superintelligence Labs. With capital expenditures projected to rise from $72.22 billion in 2025 to between $115 billion and $135 billion in 2026, Meta is clearly prioritizing its AI initiatives. Gale acknowledged the difficulty of this decision, emphasizing the contributions of those affected.
Affected employees will be notified on May 20th, leaving many in a state of uncertainty. As Meta continues to navigate these changes, further layoffs may be anticipated later in the year, raising questions about the company's future direction and workforce stability.