# Meta plans to cut 10 per cent of its workforce, or roughly 8,000 employees.

*business · news · 2026-04-23 · The Straits Times*

## Key points

- Meta will cut 10% of its workforce, eliminating about 8,000 jobs and 6,000 open roles.
- Mark Zuckerberg plans to spend up to $135 billion in 2024, nearly doubling 2025 spending.
- Most of Meta's increased spending is allocated to AI investments like data centers and semiconductors.
- Meta acknowledged it lags behind competitors in foundational AI models and is significantly ramping up investment to catch up.

**Companies:** Meta, Microsoft, Block
**Countries:** United States

[Read the full story on The Straits Times](https://www.straitstimes.com/business/companies-markets/meta-to-cut-10-of-workforce-in-ai-push)

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