Why Meta is laying off 10% of its workforce

Meta, the parent company of Facebook and Instagram, is planning to lay off 8,000 employees, or roughly 10% of its workforce, in May, as it seeks to cut costs to better prepare to do more with artificial intelligence.

Meta told its employees about the layoffs in a Thursday memo that said the company will also close 6,000 open roles. Bloomberg earlier reported about the memo.

Meta is among tech companies that have cut thousands of workers since 2022 after going on a hiring spree during the COVID-19 pandemic. From restructuring to AI investments, tech executives have cited various reasons for layoffs.

Amazon, Snap, Block and other tech companies have continued to slash their workforces this year, flooding the competitive job market with more talent. From January to March, tech companies announced 52,050 layoffs, up 40% from the same period last year, according to outplacement firm Challenger, Gray & Christmas.

https://www.latimes.com/business/story/2026-04-23/why-meta-is-laying-off-10-of-its-workforce