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Meta layoffs latest update: Meta Platforms is preparing for a significant workforce reduction, with about 10% of its employees expected to be affected, or roughly 8,000 jobs. The move comes as the company works to improve efficiency while continuing to fund major investments in artificial intelligence, as per a report.
The company has already outlined plans for record capital spending this year and has signed several large AI-related partnerships in recent months. Employees have also been encouraged to use internal AI tools to assist with tasks such as coding.
Around 10% of its workforce, or about 8,000 employees.
When will the layoffs take place?
The layoffs are scheduled for May 20.
Meta Layoffs Set for May 20 Amid Efficiency Push at Meta
In a memo shared with employees, Meta said the layoffs are planned for May 20. At the same time, the company is also slowing hiring by not filling around 6,000 open positions it had previously planned to staff.Internal Memo Reveals Job Cuts and Hiring Freeze Strategy
The message, written by chief people officer Janelle Gale, linked the decision to the company’s ongoing efforts to manage costs alongside its broader investment strategy. She said the goal is to “run the company more efficiently” while balancing other areas where Meta is committing significant resources, as per a Bloomberg report.Rising AI Investments Drive Major Cost Decisions at Meta
A major focus of those resources is artificial intelligence. Under CEO Mark Zuckerberg, Meta has been increasing spending on AI infrastructure and talent, including work on large language models and chatbots.The company has already outlined plans for record capital spending this year and has signed several large AI-related partnerships in recent months. Employees have also been encouraged to use internal AI tools to assist with tasks such as coding.
Chief People Officer Explains Workforce Restructuring Plan
Gale said the company chose to communicate the decision early after details of the plan were already leaked. She acknowledged the impact on staff, noting that the news would create uncertainty, but described it as the most appropriate step given the circumstances.Meta Prepares for Earnings as Workforce Changes Unfold
Meta began the year with nearly 79,000 employees and is set to report its first-quarter earnings next week, as per Investing.com report.Severance Packages and Support Offered to Laid-Off Staff Explained
For affected employees in the United States, the company has outlined support that includes 16 weeks of base pay, additional compensation based on years of service, and extended health coverage for up to 18 months. Similar arrangements will be provided in other countries, adjusted to local requirements.FAQs
How many employees is Meta laying off?Around 10% of its workforce, or about 8,000 employees.
When will the layoffs take place?
The layoffs are scheduled for May 20.
