business / news / / Natural News
Meta Platforms Inc. plans to reduce its global workforce by approximately 10%, eliminating nearly 8,000 jobs.
Meta will cut about 8,000 jobs, or 10% of its workforce, starting May 20, 2026.
KEY POINTS
- Additional Meta layoffs are planned for later in 2026, with timing and scale not finalized.
- Layoff plans may be adjusted based on Meta's progress in artificial intelligence capabilities.
- Meta is reallocating resources toward AI, with $135 billion in capital spending for 2026.
COMPANIES
Summarized by Newsio from Natural News. How we summarize →