Meta Reportedly Planning 8,000 Layoffs as Part of AI-Focused Restructuring
Meta Platforms is reportedly planning to lay off approximately 8,000 employees, or 10% of its global workforce, starting on May 20, 2026, as part of an AI-focused restructuring under CEO Mark Zuckerberg. The company is adjusting its plans based on AI developments and has seen a 5.86% rise in its stock since the beginning of the year. Employees are expressing concerns about job security.
Tickers: $META
Topics: AI Investment Corporate Restructuring Layoffs Meta Platforms Workforce Reduction