Meta to cut 8,000 jobs
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Meta, AI and parents
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Meta and Microsoft each confirmed plans to reduce headcount next month as they continue their aggressive investments in artificial intelligence.
Polymarket bettors lifted 2026 tech layoff odds to 84% after Meta confirmed an 8,000-person cut and installed workflow-tracking software on US employees.
This is expected to be the first round of sweeping layoffs, set for May 20, with a second round scheduled for the second half of the year.
Druckenmiller, who said he sold Nvidia too early, recently dumped his stake in Meta Platforms and doubled down on two cloud computing giants.
Microsoft and Salesforce can't harvest their enterprise customers' workflows without torching the trust that keeps them hired. Meta doesn't have that problem.
Meta Platforms (NasdaqGS:META) has agreed a multi year deal with Amazon Web Services to deploy tens of millions of AWS Graviton5 CPU chips. The CPUs are intended to support next generation agentic AI workloads and reduce reliance on GPU only infrastructure.
Meta will cut 10% of its workforce, impacting about 8,000 employees, as it shifts resources to AI and reduces costs amid ongoing restructuring efforts.
Meta has been poaching talent from Thinking Machines Lab. But it's a two-way street.