Meta Secures Tens of Thousands MWh Storage Deals, Cuts 10% Workforce
Meta has announced deals to procure tens of thousands of megawatt-hours of storage for AI data centers while U.S. energy storage installations reached a record 9.7 GWh in Q1 2026. CEO Mark Zuckerberg cut 10% of the workforce warning that “success isn’t a given.”
1. Energy Storage Procurement
Meta has struck agreements this year to procure tens of thousands of megawatt-hours of energy storage capacity to power its AI data centers, contributing to the record 9.7 GWh of new U.S. installations in Q1 2026 driven by data center demand.
2. Workforce Reduction Warning
Mark Zuckerberg announced a 10% reduction in Meta’s global workforce, emphasizing that "success isn't a given" as the company faces challenging market conditions and seeks to control costs and maintain investor confidence.