Meta to cut 8,000 jobs in major bloodbath next month: report | Latest Tech News
Mark Zuckerberg’s Meta plans to lay off 10% of its workforce in a companywide bloodbath next month – with even more cuts to comply with later in the 12 months, according to a report Friday.
The Instagram dad or mum will ax almost 8,000 staff in the initial spherical set for May 20, GWN reported. More layoffs are anticipated in the second half of the 12 months, but Meta executives have yet to determine how intensive they are going to be or precisely when they’ll happen.
Meta’s plans might be adjusted based on the state of the company’s artificial intelligence capabilities, sources ominously told the outlet.
Meta CEO Mark Zuckerberg leaves after testifying in a landmark trial over whether or not social media platforms intentionally addict and hurt kids, Wednesday, Feb. 18, 2026, in Los Angeles. AP
The bloodbath is unfolding as Zuckerberg shifts more assets toward the development of AI. Meta, which is scrambling to keep tempo with rivals like Anthropic and OpenAI, has teed up $135 billion in capital spending this 12 months alone.
Last month, GWN reported that Meta was planning to cut more than 20% of its workforce this 12 months, probably affecting some 15,000 staff. That can be Meta’s most intensive job cuts since Zuckerberg slashed more than 20,000 jobs in late 2022 and early 2023 as half of its notorious “year of efficiency” push.
A Meta spokesperson beforehand said that the initial GWN article was a “speculative report about theoretical approaches.”
The company’s stock rose almost 2% in Friday trading.
The social media giant had almost 79,000 staff globally as of Dec. 31, according to company filings.
Meta is reportedly plotting a number of rounds of cuts this 12 months. creativeneko – stock.adobe.com
Zuckerberg has set about integrating AI instruments into every side of Meta’s business – to the purpose that the company is even developing a “photorealistic” 3D clone of the billionaire to chat with staff.
The layoffs at Meta are just the latest signal of AI-related upheaval that has swept through the tech industry in current months.
Instagram rival Snap slashed about 1,000 jobs earlier this week, with CEO Evan Spiegel stating that AI would “enable our teams to reduce repetitive work, increase velocity, and better support our community, partners, and advertisers.”
Elsewhere, financial tech firm Block said in February it will cut 40% of its workforce, or more than 4,000 staff, while pivoting to a full embrace of AI instruments.
“Within the next year, I believe the majority of companies will reach the same conclusion and make similar structural changes. I’d rather get there honestly and on our own terms than be forced into it reactively,” Block CEO Jack Dorsey wrote in an open letter.
Amazon axed an eye-popping 30,000 company jobs last fall while embracing AI to increase productiveness.
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