Meta to Cut 8,000 Jobs (10% of Workforce) Starting May 20 — Largest Restructuring Since 2023 Efficiency Drive
CNBC·high signal
Meta will lay off 10% of its workforce (~8,000 employees) effective May 20, plus close 6,000 open roles. AI capex guidance set at $115-135B for 2026, nearly double 2025's $72B. A further round of cuts is anticipated later in 2026 at a schedule not yet determined.