Meta will cut 10% of its workforce, impacting about 8,000 employees, as it shifts resources to AI and reduces costs amid ongoing restructuring efforts.

Mark Zuckerberg-led Meta has confirmed it plans to slash about 8,000 jobs — roughly 10% of its workforce — informing employees of the sweeping cuts on Thursday. The Facebook parent disclosed the layoffs in a staff memo, signaling that the company is moving ahead with a massive workforce reduction as it pours billions into artificial intelligence.

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.

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.

Meta plans major layoffs as AI competition with China intensifies, healthcare costs shift and app development surges worldwide.

Meta plans to lay off 8,000 employees in its first wave of cuts on May 20, with more expected later this year, Reuters is reporting.

As SFGATE previously reported, the layoffs came shortly after the announcement of a near-$1 billion incentive package for executives.  Per the documents, Meta notified all employees that they would be laid off by March 25,