Meta plans to cut about 8,000 jobs next month, roughly 10 pereccent of its workforce, as it ramps up investment in artificial intelligence.
According toReuters, the layoffs are expected to begin around May 20, with further cuts likely later this year. The scale and timing of additional reductions have not been finalized.
The job cuts come as CEO Mark Zuckerberg seeks to embrace the benefits of AI.
📊 Financial News: Meta to cut 8,000 jobs, 10% of workforce, starting next monthpic.twitter.com/AA1MQy5pRH
— The Calvin Coolidge Project (@TheCalvinCooli1)April 18, 2026
Meta has reportedly set aside about $135 billion in capital spending this year as it looks to compete with rivals including OpenAI and Anthropic.
Last month, Reuters reported that Meta could cut more than 20 percent of its workforce this year, potentially affecting around 15,000 employees.
That would mark the company’s largest round of layoffs since 2022 and 2023, when more than 20,000 jobs were eliminated during its “year of efficiency.”
A Meta spokesperson previously described the earlier Reuters report as a “speculative report about theoretical approaches.”
The company had nearly 79,000 employees worldwide at the end of 2025, according to filings.
Source: The Gateway Pundit
