Meta is planning to lay off approximately 8,000 employees — roughly 10% of its workforce — with cuts set to begin on May 20, 2026, according to an internal memo viewed by Bloomberg.
The company will also decline to fill around 6,000 currently open positions. Reuters had separately reported on Meta’s plans for sweeping layoffs ahead of the Bloomberg report.
Chief people officer Janelle Gale informed staff of the decision in the memo. “We’re doing this as part of our continued effort to run the company more efficiently and to allow us to offset the other investments we’re making,” Gale wrote, adding: “This is not an easy tradeoff and it will mean letting go of people who have made meaningful contributions to Meta during their time here.”
The reductions come as Meta works to manage costs following heavy spending on its metaverse initiatives, which largely failed to deliver results. The company has also been making significant investments in artificial intelligence to keep pace with competitors, including the recent launch of an overhauled AI product called Muse Spark.
TechCrunch reported that it has reached out to Meta for comment.
Source: TechCrunch