Report has it that Global tech company, Meta, is making plans to relieve 10% of it’s global workforce, which is about 8,000 employees, also according to reports from Bloomberg. Meta will also not proceed to hire for 6,000 roles that were previously declared open.
According to internal sources, the company may also be planning further layoffs in the second half of 2026. Officially, details of those cuts, including date and size, were not yet settled. Executives may adjust their plans as they observe developments in artificial intelligence capabilities, the sources added.
According to an internal memo sent to employees on Thursday, Meta told staff that the cuts will begin on May 20, 2026.
The major reason for these massive layoffs is still unknown, but it’s suspected to be due to the AI revolution, as CEO Mark Zuckerberg is reportedly pumping hundreds of billions of dollars into AI as he moves to reshape the company’s operations around the technology, reflecting a broader pattern among major U.S. companies this year, particularly in the tech sector.
“We’re doing this as part of our continued effort to run the company more efficiently and to allow us to offset the other investments we’re making,” chief people office Janelle Gale told employees, according to the memo.
“This is not an easy tradeoff and it will mean letting go of people who have made meaningful contributions to Meta during their time here.”
Meta has spent billions of dollars on its metaverse efforts, which largely failed. The company has also had to make major investments in its AI efforts in order to keep up with competitors in the space earlier this month, Meta introduced a completely overhauled AI product called Muse Spark.
