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Meta begins notifying employees of roughly 8,000 global job cuts, starting with Singapore staff, as it prioritizes AI investment

Yahoo Finance AIMay 20, 20262 min read
Meta begins notifying employees of roughly 8,000 global job cuts, starting with Singapore staff, as it prioritizes AI investment

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3 Key Points

  1. Meta started notifying workers around the world Wednesday morning, beginning with employees in Singapore at 4 a.m. local time, with European and US-based staff expected to receive notice early in their time zones. The company is cutting roughly 8,000 roles globally, with the layoffs expected to hit engineering and product teams in particular.

  2. Staff are being encouraged to work from home during the cuts. Meta stated the restructuring aims to enable flatter organizational structures with smaller teams that can move faster and operate with more ownership, which the company believes will increase productivity.

  3. This follows Meta's reassignment of some 7,000 workers to newly formed teams focused on AI initiatives, including products and agents. The company had just under 80,000 employees at the end of March, ahead of the reassignments and layoffs, and has committed well in excess of $100 billion to AI capital expenditures this year.

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