Meta to Cut 8,000 Workers

In an internal memo sent to staff, Chief People Officer Janelle Gale detailed that the layoffs would take place on May 20.

The company is also closing 6,000 open job listings as part of a broader efficiency drive.

Meta's capital expenditures have ballooned as it builds out the data centers required for advanced AI models.

While the social media giant continues to see strong digital ad revenue, executives are prioritizing cost control to fund the ongoing tech race.