Meta Announces Layoffs Starting May 20, Affecting 8,000 Employees
Meta is set to begin layoffs on May 20, 2026, impacting approximately 8,000 employees, or about 10% of its global workforce. The cuts are part of a broader restructuring effort tied to increased AI investment, with further reductions expected later in the year. The company's capital spending for 2026 is projected to be between $115 billion and $135 billion.
Tickers: $META
Topics: AI Investment Capital Spending Corporate Restructuring Layoffs Meta