Meta plans to eliminate 10% of jobs by May 20, shifting resources toward artificial intelligence initiatives and flattening management layers.
Meta Platforms will reduce its workforce by approximately 10% starting May 20, according to an internal document. The layoffs mark the first phase of a broader restructuring aimed at reallocating resources to artificial intelligence projects, with additional cuts expected in 2026.
The company plans to move 7,000 employees into AI-focused teams while eliminating thousands of managerial roles and closing 6,000 open positions. Meta is prioritizing autonomous AI agents and automation tools, though some employees have resisted changes, including mouse-tracking software for AI training.
Shares of META, which has a five-year average revenue growth rate of 19.38%, may face volatility as markets assess the long-term impact of the restructuring on operations and innovation.