Meta Plans 10% Workforce Cut and 6,000 Role Cancellations
Meta will eliminate 8,000 roles and cancel 6,000 open positions to reduce costs for AI investments starting in May. The company projects 2026 global net ad revenue of $243.46 billion—surpassing Google—and reported 2025 net income of $60 billion, down 3% year-over-year.
1. Layoff Plan
Meta will lay off 8,000 employees, representing roughly 10% of its workforce, in May and eliminate 6,000 open positions as part of a cost-cutting drive to fund artificial intelligence investments.
2. Recent Financial Performance
The company reported full-year 2025 net income of $60 billion, a 3% year-over-year decline, while forecasting 2026 global net ad revenue of $243.46 billion—surpassing its nearest rival.
3. Sector-Wide Trends
This move follows continuous workforce reductions across major technology firms, with industry-wide cuts reaching 52,050 roles from January through March, up 40% from the same period last year, intensifying competition for available tech talent.