Meta's Major Layoff Wave: 8,000 Jobs Cut Amid AI Shift

On May 20, Meta will lay off about 8,000 employees as part of a companywide restructuring. This move targets 10% of its workforce, with plans for more cuts in 2026. The layoffs aim to reallocate resources towards AI, following nearly 25,000 positions cut since 2022. Under new leadership, the company is shifting towards AI-focused teams. Despite strong revenue growth, Meta aims to fund its ambitious AI initiatives.