Presently, Meta Platforms (META) is not facing a broken business. It is facing a tougher kind of investor question. Can it keep growing fast while spending heavily on AI and trimming costs at the same time? Reuters reported that Meta plans a first wave of layoffs starting May 20, with more cuts later in 2026. The move comes as the company tries to stay lean while funding its AI push.
That matters because Meta still sits in a powerful spot. It controls Facebook, Instagram, WhatsApp, and Threads, and that family of apps still gives it one of the biggest advertising engines in the world. Meta is also leaning hard into generative AI and Reality Labs, which keeps the story exciting but also expensive.