US Edition
8,000 Meta Layoffs Start May 20—What To Do Now Before Losing Your Job
The cuts would hit nearly 8,000 workers as Meta tries to curb rising artificial intelligence infrastructure costs and reorganize teams around AI.
- Meta plans to cut roughly 10% of its global workforce, or nearly 8,000 employees, in an initial round of layoffs on May 20, according to sources who told Reuters.
- These cuts come as Meta seeks to offset rising AI-assisted costs while pouring billions of dollars into AI infrastructure to streamline operations.
- Previously, Meta laid off 11,000 workers, about 13% of its workforce, and cut another 10,000 jobs; a 20% reduction would mark its largest restructuring since 2022.
- Other major companies, including Amazon, have also announced layoffs linked to AI developments, with Amazon cutting around 16,000 jobs to reach roughly 30,000 total reductions.
- Meta is also planning additional layoffs in the second half of the year, though specific details regarding timing and scope remain unclear, sources told Reuters.
20 Articles
20 Articles
Meta Platforms, the parent company of Facebook and Instagram, will begin on May 20 the first wave of mass layoffs that will affect approximately 8,000 employees, about 10% of its global workforce. CEO Mark Zuckerberg informed workers that the company plans to make additional cuts during the second half of the year. The decision is part of a restructuring focused on allocating more resources to the development of artificial intelligence capabilit…
Reuters reported on the 18th (local time) that Meta plans to lay off approximately 8,000 employees in the middle of next month. Considering that Meta's total workforce stood at about 79,000 as of last December, this represents a massive restructuring equivalent to 10% of the total. Meta has carried out restructuring on more than three occasions this year alone, including the downsizing of the "Reality Labs" team, which was primarily responsible …
Meta will lay off about 8,000 people in a month.
Coverage Details
Bias Distribution
- 90% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
