Meta tells staff it will layoff 8,000 employees on May 20
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As the company envisions smaller teams and supersmart agents, some employees are wondering how they fit in.
Earlier this week, Meta Platforms (META) announced plans for layoffs to come while Microsoft (MSFT) began offering voluntary buyout package to its employees. This all comes as both companies continue to raise their spending on AI.
Inside Meta, employees are bracing for weeks of limbo as they wait to find out who's cut.
Meta plans to lay off about 8,000 employees on May 20. Here are the steps you need to take right now before your role is fully eliminated.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) plans to lay off approximately 10% of its workforce, affecting about 8,000 employees, according to a company memo sent on Thursday. The layoffs are scheduled to begin on May 20.
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.
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.