Meta will cut approximately 8,000 jobs starting May 20. This reduction represents 10% of the company's workforce. Internal communications disclosed the restructuring plan on May 19.
Meta raised its 2026 capital expenditure guidance to between $125 billion and $145 billion. Most of this budget will fund AI infrastructure and Nvidia GPU acquisitions.
The layoffs primarily target recruiting, customer support, and non-AI product teams. Meta will reassign nearly 7,000 other employees to new AI-focused divisions. This shift reflects a broader industry trend of trading headcount for AI computing power.