Meta will lay off 8,000 employees on May 20 while spending up to $135 billion on artificial intelligence. Meta Platforms has set May 20 as the date to begin its first global wave of mass layoffs, a restructuring that will affect approximately 8,000 employees—around 10% of its global workforce—according to an exclusive report by Reuters. The company, which has about 79,000 employees worldwide, anticipates further cuts throughout 2026, potentially resulting in one of the deepest reductions in its history.
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