Meta Planning 20% Workforce Cuts (~16,000 Employees) to Fund $600B AI Infrastructure Bet
CNBC·high signal
Reuters reported today that Meta is considering layoffs affecting up to 20% of its ~79,000 employees — roughly 16,000 people — as the company tries to offset the cost of its pledge to invest up to $600B in AI data center infrastructure by 2028. No date has been set and magnitude is unfinalized; Meta spokesperson called it 'speculative reporting about theoretical approaches.' If confirmed, this would be Meta's largest workforce reduction since the 2022-2023 'year of efficiency.'