Meta Plans First Wave of Layoffs on May 20, with Additional Cuts Later in 2026
Meta is set to lay off approximately 8,000 employees, or 10% of its global workforce, in a first wave of layoffs on May 20, 2026, with further cuts planned later in the year. The company is investing heavily in AI, which may influence the scope of future layoffs. This follows a broader trend of tech companies reducing staff to improve efficiency.
Topics: AI Investment Corporate Restructuring Layoffs Meta Workforce Reduction