Meta lays off 10 percent of staff

Meta is preparing to eliminate approximately 10% of its workforce, impacting around 8,000 employees. The company is also freezing about 6,000 open positions. These significant workforce reductions come despite substantial investments in artificial intelligence, including substantial spending on talent acquisition and data center development. Meta anticipates capital expenditures to rise significantly, projecting between $115 billion and $135 billion in 2026, a notable increase from the $72.22 billion allocated for 2025. This strategic shift suggests a focus on core AI initiatives and potentially a restructuring to optimize resources.