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First wave to cut about 10% of Meta's workforce, sources tell Reuters.
Meta will lay off about 10% of its global workforce around May 20, affecting 8,000 employees.
KEY POINTS
- Further layoffs are planned for later in 2026, with details on timing and size not finalized.
- Executives may adjust future layoff plans based on developments in artificial intelligence capabilities.
- Meta is transferring engineers into a new 'Applied AI' group to accelerate AI agents that write code.
- Some employees will move to a newly established Meta Small Business unit as part of the restructure.
COMPANIES
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