As the company envisions smaller teams and supersmart agents, some employees are wondering how they fit in.

Meta isn't in the same position now as it was in late 2022. While the stock has pulled back from its all-time high last July, it's only down 14% from the peak, and the business is still delivering strong growth as the sector is in the midst of an AI boom.

This is expected to be the first round of sweeping layoffs, set for May 20, with a second round scheduled for the second half of the year.

As AI spending booms, Meta announces 8,000 layoffs while Microsoft offers voluntary retirement to thousands of employees amid tech reductions.

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.

Meta is undertaking a fresh round of layoffs, signalling a major shift in priorities as the company doubles down on artificial intelligence. The Mark Zuckerberg-led tech giant said it will cut around 10 per cent of its workforce,

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.

Meta will lay off 10 percent of its workforce in May. Plus, voters aren’t buying that AI will benefit the average worker.

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.