Meta is cutting approximately 10 percent of its staff — affecting around 8,000 employees — as part of a cost-saving initiative to offset heavy investments in artificial intelligence. The layoffs are expected to take effect in May, according to a memo from the company's chief people officer, Janelle Gale, reported by Bloomberg. In addition to the job cuts, Meta will also eliminate roughly 6,000 open positions.
The move comes as Meta ramps up spending on AI, including efforts to hire top talent and build advanced AI systems. The company's CEO, Mark Zuckerberg, has previously signaled that 2025 would be a "year of efficiency," and these layoffs appear to be a continuation of that strategy. Meta employed approximately 80,000 people prior to the announcement.
"We're making these changes to offset the other investments we're making," Gale wrote in the memo.
The layoffs are the latest in a series of workforce reductions by major tech companies as they navigate a shifting economic landscape and increased focus on AI development.