The social media giant plans to cut its workforce. But this difficult move could be exactly what the market needs to see to buy into the company's heavy spending plans.

Despite 6,000 open roles that were intended to be filled, the company also stated that it would close recruiting as these layoffs approach. In a memo obtained by Bloomberg, chief people officer Janelle Gale notes that the announcement was only made due to a leak to the press. The document also alludes to recent AI infrastructure costs.

Polymarket bettors lifted 2026 tech layoff odds to 84% after Meta confirmed an 8,000-person cut and installed workflow-tracking software on US employees.

While further Meta layoffs are likely in the second half of the year, the timing and the scale remains under wraps.

Iran war . With the Iran war approaching the eight-week mark, President Donald Trump declined on Thursday to give a timeline for resolving the conflict, telling reporters

Meta Platforms is planning to reduce its workforce by roughly 10 per cent, affecting around 8,000 employees, as it accelerates investment in artificial intelligence. The layoffs are set to begin on 20 May and will coincide with the cancellation of hiring for around 6,

Meta cuts 10% of its workforce, roughly 8,000 jobs, to fund AI investments as tech industry layoffs accelerate.