Meta Platforms plans to lay off approximately 10% of its global workforce on May 20.
This move marks the first significant wave of job cuts for the company this year.
Sources indicate additional company-wide layoffs may occur later in 2026.
The reduction follows smaller-scale staff cuts previously conducted in March.
Meta is restructuring to manage rising costs and prioritize investments in artificial intelligence.
These cuts align with a broader trend of workforce reductions across the technology sector.