Meta has confirmed plans to cut approximately 8,000 jobs, representing around 10 per cent of its global workforce, as it increases investment in artificial intelligence. The reductions are due to begin on 20 May, according to an internal memo reported by Bloomberg.
The company said the cuts are intended to offset rising costs linked to AI infrastructure and hiring. Meta has warned investors that its total expenses could reach between $162 billion (about £120 billion) and $169 billion (£125 billion) in 2026, driven in part by spending on data centres and specialist staff, according to the Associated Press.
