genai / news / / SiliconANGLE News
Meta Platforms is planning to lay off about 8,000 employees, or roughly 10% of its workforce.
Meta will lay off 8,000 employees and cancel 6,000 open roles effective May 20, 2026.
KEY POINTS
- Meta's 2026 capital expenditure guidance is up to $135 billion, twice the 2025 forecast, focused on AI infrastructure.
- The layoffs are structural, reorganizing teams into AI-focused pods and moving talent to Applied AI.
- Automation using Meta's Llama models is replacing tasks previously done by large teams.
COMPANIES
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