Massive Layoffs at Meta Platforms Are Now Underway. What That Means for META Stock.

The AI trade is increasingly being written in pink slips. Some of the most valuable blue chips, such as Nike (NKE), and Amazon (AMZN), are cutting jobs and redirecting cash toward AI systems, chips, and infrastructure, turning job cuts into part of a new efficiency playbook the market seems willing to buy.

Meta Platforms (META) now sits squarely in those crosshairs. Starting today, May 20, the company is set to begin a multi-batch layoff program that will initially affect about 10% of its workforce, and CEO Mark Zuckerberg has already signaled that AI could drive more cuts later this year. That keeps Meta firmly in line with a wider 2026 trend rather than outside it.