Meta informs staff of layoffs affecting 8,000 employees amid AI push [FOX Business Network]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: FOX Business Network
Meta has informed its staff that it will let go of roughly 8,000 employees — approximately 10% of its workforce — as it looks to bolster its presence in the artificial intelligence space. The employees were told about the sweeping cuts in a memo as the company prepares to make heavy investments in AI. The layoffs are expected to begin May 20. "I know this is unwelcome news and confirming this puts everyone in an uneasy state, but we feel this is the best path forward, given the circumstances," Chief People Officer Janelle Gale wrote in the memo obtained by Bloomberg News. A Meta spokesperson declined to comment on the job cuts but confirmed the memo and its contents with FOX Business. Other tech companies are making staff reductions amid a boom in AI spending ; on Thursday, Microsoft Corp. offered voluntary retirement to around 8,750 people, or 7% of its U.S. workforce, according to Bloomberg. Ticker Security Last Change Change % META META PLATFORMS INC. Power
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META
News
- 4 In 10 American Teens Are Almost Constantly Online [zero hedge]zero hedge
- China to Curb US Investment in Tech Companies After Meta Deal [Yahoo! Finance]Yahoo! Finance
- Meta says it will lay off 10% of its workforce starting in May [Yahoo! Finance]Yahoo! Finance
- Meta to ax 8,000 jobs as Zuckerberg doubles down on AI and white-collar bloodbath picks up [Yahoo! Finance]Yahoo! Finance
- Live Chats Are Now on Threads: Will They Drive META's User Engagement? [Yahoo! Finance]Yahoo! Finance
META
Earnings
- 1/28/26 - Beat
META
Sec Filings
- 4/22/26 - Form 4
- 4/21/26 - Form PX14A6G
- 4/20/26 - Form 144
- META's page on the SEC website