Meta trims 8,000 jobs as A.I. spending surges
TL;DR Summary
Meta plans to lay off about 8,000 employees (roughly 10% of its workforce) and not fill thousands of open roles as it doubles down on AI, with projected AI spending of about $135 billion this year, while also starting to monitor workers' computer activity to train its AI models.
- Meta says it will cut 8,000 jobs as AI spending grows BBC
- Meta will cut 10% of workforce as company pushes deeper into AI CNBC
- Meta to cut 8,000 jobs, Microsoft offers buyouts to to staff as AI spending costs hit Big Tech workers Yahoo Finance
- Exclusive: Meta targets May 20 for first wave of layoffs; additional cuts later in 2026 Reuters
- Meta is laying off 10% of its entire staff next month. Read the full memo it just sent to employees. Business Insider
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