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Meta Job Cuts
- On May 20, 2026, Meta cut about 8,000 jobs, roughly 10% of its workforce.
- CEO Mark Zuckerberg said AI is the consequential technology of our lifetimes and warned success isn’t guaranteed.
- Meta will move about 7,000 employees to AI projects while leaving 6,000 positions unfilled.
- The company projects 2026 capital spending of $125-$145 billion—twice 2025’s $72 billion—and will give U.S. staff four months’ severance, weeks per service year, immigration and health aid.
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