Meta, which owns Facebook, Instagram and WhatsApp, plans to lay off 10% of its workforce amid ongoing investments in generative AI.
The company offered details to employees in a memo. Bloomberg had the first report of the cutbacks, following an earlier one by Reuters that reductions were expected.
Roughly 8,000 employees will be let go starting May 20, and 6,000 open roles will not be filled, the internal memo said.
Janelle Gale, Meta’s chief people officer, wrote in the memo that the layoffs are “part of our continued effort to run the company more efficiently and to allow us to offset the other investments we’re making.”
Striving to catch up to rivals OpenAi, Anthropic and Microsoft in the AI arms race, Meta previously had announced plans to nearly double its spending on AI to $135 billion in 2026. The company already has been streamlining Reality Labs,
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