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Meta to cut 10 percent jobs as AI spending forces major restructuring

Technology
Published on 24 April 2026
Meta to cut 10 percent jobs as AI spending forces major restructuring

Layoffs hit May 20 and open roles freeze too

Meta Platforms plans to lay off about 8,000 employees—roughly 10% of its workforce—on May 20. The move comes alongside a freeze on 6,000 open positions as the company seeks greater efficiency while funding major artificial intelligence investments. Employees impacted are expected to receive severance packages and support services to ease the transition.

  • Meta will cut around 8,000 jobs on May 20
  • The company is also freezing 6,000 open roles
  • AI investment push is driving the restructuring
  • Affected staff will get severance and support
Read the full story at The Economic Times

This summarization was done by Beige for a story published on The Economic TimesThe Economic Times

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