The US Tech Giant plans to slash 10 percent of the global workforce, which equals 8000 employees, in a first round of job losses on 20 May, as per sources.
Meta is also planning an additional round of layoffs in the second half of 2026, though details, including scope and timing, are unclear. As per a Reuters report, Meta is about to lay off 20 percent of its workforce to offset rising AI expenses.
Investors reaction is muted as per reports, as Meta's stock is increasing by 2 percent. The planned job losses showcase a trend across the tech industry where companies are increasingly restructuring AI operations. Block and Snap firms have also announced significant job cuts, citing AI restructuring.
AI is a major center for internal operations and product development at Meta. The company is working on AI integration models and even developing advanced digital avatars for employee interaction. This round of layoffs signals a continued shift in Big Tech Giant's priorities, where investment is shifting to AI rapidly and reducing traditional roles. While Meta has not officially confirmed the layoffs yet, sources are suggesting that layoffs are happening due to AI and employee productivity across the tech industry around the globe.
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