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Barchart
Barchart
Aanchal Sugandh

Meta Platforms Will Close 6,000 Open Positions in Addition to Major Layoffs as META Stock Investors Worry That AI Spend Is Just Too Much

Meta Platforms (META) has made it clear behind closed doors that it will tighten the screws next month. The social network operator has confirmed plans to cut jobs while shutting the door on 6,000 open roles to sharpen efficiency and make room for its swelling artificial intelligence (AI) spend, with layoffs expected in the final weeks of May and more reductions likely later in the year.

Chief people officer Janelle Gale laid out the plan plainly, stating that Meta will let go of 8,000 employees while keeping 6,000 vacancies unfilled. She explained that the company aims to run a tighter ship and offset rising investment commitments, while also admitting that leaks forced an early disclosure.

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