Meta is laying off 10% of its workforce (8,000 employees) and halting hiring for 6,000 open roles, effective May 20. Chief People Officer Janelle Gale cited efficiency improvements and increased AI investments as drivers. The cuts follow substantial spending on metaverse initiatives that largely failed and come as Meta competes in AI with rivals.
Strategy
Meta to cut 10% of jobs, or 8,000 employees, report says
Meta cuts 10% of its workforce (8,000 jobs) and halts 6,000 open roles to redirect spending from failed metaverse initiatives toward AI competition.
Thursday, April 23, 2026 12:00 PM UTC2 MIN READSOURCE: TechCrunchBY sys://pipeline
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