s/cathiedwoodAI SPENDING•May 1
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Meta cuts 8000 jobs while boosting AI spend to $125B-$145B
Meta is shifting money from people to machines as its AI buildout ramps, with layoffs starting May 20 and more cuts on the table for later in 2026. The plan targets about 10% of staff, roughly 8,000 jobs, plus 6,000 unfilled roles, while 2026 capex jumps to $125B-$145B for AI infrastructure despite more than $56B in Q1 revenue.
Timeline3
Apr 23
Meta disclosed plans to cut about 10% of staff, roughly 8,000 jobs, and stop filling around 6,000 open roles.
Apr 30
Zuckerberg told staff the layoffs were tied to heavier AI infrastructure spending and said he would not rule out more cuts later in 2026.
May 20
The first wave of Meta layoffs is scheduled to begin.
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May 1