All news
BusinessJun 11, 2026

Meta lays off about 8,000 — 10% of staff — in an AI-funding restructuring

Meta began notifying roughly 8,000 employees — about 10% of its workforce — that they are being laid off, the first wave of a restructuring it frames as necessary to fund its AI push. Singapore-based staff were the first to learn, with emails arriving at 4 a. m. local time, followed by the UK and US. The company also reassigned about 7,000 employees to AI initiatives, and Mark Zuckerberg told staff no further broad cuts are expected this year. Meta’s 2026 capital spending runs to as much as $145 billion.

Why it matters: It is the starkest version yet of the trade every big tech company is making: cut headcount to fund compute. The people are the budget line that pays for the GPUs.

Read the full story at Quartz
Share

Comments