- The planned reduction of 8,000 staffers is scheduled to begin on May 20 and will be accompanied by the closure of 6,000 open roles
- Meta shares fell over 6 percent in after-hours trading following the announcement of increased capital expenditure guidance for 2026
- CFO Susan Li raised the full-year spending forecast to between 125 billion and 145 billion dollars to cover higher component pricing and data center costs
- The layoffs follow previous workforce reductions in early 2026 that impacted the Reality Labs unit and global sales operations
- CEO Mark Zuckerberg is reportedly reshaping the workforce to aggressively integrate artificial intelligence into the company's core workflows
Meta to cut eight thousand employees in May as AI spending surges
Apr 29, 2026, 10:04:06 PM UTC(1 day ago)
Impact: MediumAffected Assets
Sources
From:@YahooFinance
$META CFO Susan Li on the company's plans to cut 10% of it's workforce, about 8,000 employees, in May.
"We believe a leaner operating model will allow us to move more quickly while also helping to offset the substantial investments we're making." https://t.co/UzFR6LXKpA
