Meta CEO Mark Zuckerberg Announces Major Layoffs Amid AI Transition

Meta Platforms Inc., led by CEO Mark Zuckerberg, announced layoffs of 8,000 employees and reassignment plans for another 7,000 workers to focus on artificial intelligence. The move reflects the company's strategic shift toward AI amid fierce competition in the tech sector.

By Jonathan Vanian · CNBC · May 20, 2026, 17:43 UTC

Meta CEO Mark Zuckerberg Announces Major Layoffs Amid AI Transition

Tickers: $CSCO $META

Topics: AI Strategy Meta Workforce Reductions

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