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Meta President & Vice Chairman Dina Powell McCormick joins ‘Mornings with Maria’ to discuss how AI-powered smart glasses are transforming lives, restoring independence to blinded veterans and fueling explosive company growth.<\/p>\n
Meta is preparing to cut thousands of jobs as early as next month, with deeper layoffs expected later this year, according to a report.<\/p>\n
The tech giant intends to slash roughly 10% of its global workforce \u2014 or nearly 8,000 employees \u2014 in an initial round of cuts on May 20, sources told Reuters.<\/p>\n
The company is also planning additional layoffs in the second half of the year, though details including timing and scope remain unclear, the outlet reported.<\/p>\n
The report follows earlier Reuters reporting that Meta was weighing cuts that could affect at least 20% of its workforce as it seeks to offset rising artificial intelligence costs.<\/p>\n
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Meta CEO Mark Zuckerberg leaves the federal courthouse in downtown Los Angeles after defending the company in a landmark social media addiction trial in Los Angeles Feb. 19, 2026.\u00a0 (Jon Putman\/Anadolu via Getty Images \/ Getty Images)<\/p>\n
When reached by FOX Business, Meta declined to comment.<\/p>\n
Previously, a Meta spokesperson told FOX Business the earlier Reuters report was “a speculative report about theoretical approaches.”<\/p>\n
The cuts come as Meta looks to offset the cost of AI infrastructure and streamline operations with AI-assisted workers.<\/p>\n
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Signage outside Meta headquarters in Menlo Park, Calif., April 20, 2023.\u00a0 (David Paul Morris\/Bloomberg via Getty Images \/ Getty Images)<\/p>\n
CEO Mark Zuckerberg has invested billions of dollars in artificial intelligence as the company pivots toward the technology.<\/p>\n
Meta has also reorganized teams within its Reality Labs division and moved engineers into a new Applied AI group focused on developing AI agents capable of writing code and performing complex tasks, according to Reuters.<\/p>\n
Meta employed nearly 79,000 people as of\u00a0Dec. 31, according to its latest filing.<\/p>\n
META’S BAY AREA LAYOFFS AFFECT ROUGHLY 200 WORKERS AS COMPANY POURS BILLIONS INTO AI INFRASTRUCTURE<\/p>\n
Mark Zuckerberg, CEO of Meta Platforms Inc., appears during the Meta Connect event in Menlo Park, Calif., Sept. 17, 2025. (David Paul Morris\/Bloomberg via Getty Images \/ Getty Images)<\/p>\n
A 20% reduction would mark Meta\u2019s largest restructuring since 2022 and early 2023.<\/p>\n
The company laid off 11,000 workers in November 2022 \u2014 about 13% of its workforce \u2014 and cut another 10,000 jobs months later.<\/p>\n
Other major companies, including Amazon, have also announced layoffs linked to AI developments.<\/p>\n
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Amazon said in January it would cut around 16,000 jobs after previously announcing about 14,000 white-collar layoffs in October, bringing total reductions to roughly 30,000 roles.<\/p>\n
Reuters contributed to this report.<\/p>\n
#Meta #reportedly #plans #cut #jobs #starting<\/p>\n","protected":false},"excerpt":{"rendered":"
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