Meta will lay off approximately 8,000 employees on May 20. This reduction represents 10% of the company's total workforce.
The restructuring includes reassigning 7,000 workers to new AI-focused initiatives. Meta will also eliminate 6,000 open positions. These combined actions affect over 15,000 total roles.
CEO Mark Zuckerberg is implementing a flatter organizational structure to improve operational speed. This strategy pivots resources toward AI development to compete with Google and OpenAI.
The company will establish new teams dedicated to AI agents and applications. Analysts expect the cost savings to offset massive AI infrastructure expenditures budgeted for 2026.