Meta says it will lay off 10% of its workforce

Facebook parent Meta is planning to lay off approximately 8,000 employees and eliminate another 6,000 open roles as it seeks to reduce costs.

Meta is planning to lay off approximately 8,000 employees and eliminate another 6,000 open roles as it seeks to reduce costs amid its massive bet on artificial intelligence.

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With approximately 78,000 employees at the end of 2025, the cuts will affect about 10% of the company’s existing workforce.

In an internal memo, a Meta executive did not explicitly mention AI when discussing the cuts but said they were needed to compensate for spending elsewhere. Meta, the parent company of Instagram and Facebook, planned to double its AI spending in 2026 to about $135 billion from $72 billion last year.