Exclusive: Meta targets May 20 for first wave of layoffs; additional cuts later in 2026 - Reuters
Exclusive: Meta targets May 20 for first wave of layoffs; additional cuts later in 2026 Reuters
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"Since we reduced our workforce last year, one surprising result is that many things have gone faster."
— Mark Zuckerberg , Executive
"A narrative has developed that we’re somehow moving away from focusing on the metaverse vision, so I just want to say up front that that’s not accurate."
— Mark Zuckerberg , Executive
"Leaner is better."
— Mark Zuckerberg , Executive
"In retrospect, I underestimated the indirect costs of lower priority projects… A leaner org will execute its highest priorities faster."
— Mark Zuckerberg , Executive
"A leaner org will execute its highest priorities faster. People will be more productive, and their work will be more fun and fulfilling."
— Mark Zuckerberg , Executive
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<a href="https://news.google.com/rss/articles/CBMiqwFBVV95cUxOdkRwbFNPRlk1YVhQTE1velhMT004YWV6WXlUZ2FrTlJVMHVCSkFiU3poMFhKZmEyNGwzRVdBdXFLWEJIWnhKQnBUUDB2RzVCTm5JZEVqN2liYXM3WllTYTlGaU5EWVo5ci1NV2JZUUlQdjBreWYxMEhtNURBMWpRRUYwdDlHNHBKb1dqX0E5R2V5ZTlpZUhvcG5yMGItbXZBVUw1VFk0ckNmM0E?oc=5" target="_blank">Exclusive: Meta targets May 20 for first wave of layoffs; additional cuts later in 2026</a> <font color="#6f6f6f">Reuters</font>
Meta plans to initiate the first wave of layoffs on May 20, with further cuts anticipated later in 2026.
Meta's latest round of layoffs, estimated to impact about 6,000 people, is part of the company's 'Year of Efficiency' restructuring.
Meta is considering layoffs affecting up to 20% of its workforce to offset heavy AI infrastructure spending and boost productivity.
Meta plans to lay off another 10,000 employees as part of its 'Year of Efficiency' initiative, following previous cuts in November 2022.
Meta begins a new round of layoffs, cutting 4,000 jobs immediately as part of a larger plan to reduce 10,000 jobs amid a tech industry slump.
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