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Meta targets May 20 for first wave of layoffs; additional cuts later in 2026
Meta’s first wave will cut about 8,000 jobs, as executives reshape teams around AI-assisted work and plan more layoffs later this year.
- On May 20, Meta plans to lay off nearly 8,000 employees, representing about 10% of its global workforce, with additional cuts expected later this year.
- CEO Mark Zuckerberg is pumping hundreds of billions of dollars into artificial intelligence and restructuring Meta's inner workings around the technology, including a new "Applied AI" organization to accelerate autonomous agent development.
- Layoffs.fyi reported over 73,000 job losses across the tech sector this year, while Amazon has trimmed 30,000 corporate employees in recent months and Block slashed nearly half its staff.
- Meta's layoffs this year will be the company's most significant since late 2022 and early 2023, when it dubbed restructuring the "year of efficiency" and eliminated about 21,000 jobs.
- Executives envision a future with fewer management layers and greater efficiency through "AI-assisted workers," as Meta generated more than $200 billion in revenue last year despite outsized AI spending.
Insights by Ground AI
14 Articles
14 Articles
Meta to cut 8,000 jobs — 10% of workforce — in major bloodbath next month: report
Mark Zuckerberg’s Meta plans to lay off 10% of its workforce in a companywide bloodletting on May 20 – with even more cuts to follow later in the year, according to a report Friday.
·New York, United States
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Coverage Details
Total News Sources14
Leaning Left4Leaning Right3Center6Last UpdatedBias Distribution46% Center
Bias Distribution
- 46% of the sources are Center
46% Center
L 31%
C 46%
R 23%
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