Meta Platforms to lay off 8,000 employees this week
Meta Platforms is set to lay off approximately 8,000 employees this week, which constitutes about 10% of its workforce. This decision is part of a broader strategy to enhance efficiency and pivot towards artificial intelligence. The company has also announced the cancellation of hiring for around 6,000 open positions, totaling nearly 14,000 job cuts.
- ▪Meta Platforms is preparing to cut approximately 8,000 jobs this week.
- ▪The layoffs represent roughly 10% of the company's global workforce.
- ▪The company plans to cancel hiring for around 6,000 open roles.
- ▪This is part of CEO Mark Zuckerberg's initiative called the 'Year of Efficiency.'
- ▪Meta's workforce has decreased from about 86,000 in late 2022 to roughly 79,000 by the end of 2023.
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<img src="https://static.cryptobriefing.com/wp-content/uploads/2026/05/18203736/file-meta-inc-logo-jpg-wikimedia-commons-1-800x420.jpeg" alt="Meta Platforms to lay off 8,000 employees this week" class="w-full aspect-[19/10] object-cover" /> Meta Platforms to lay off 8,000 employees this week The cuts represent roughly 10% of Meta's workforce as the company continues its pivot from metaverse dreams to AI dominance. Share Add us on Google by Editorial Team May. 18, 2026 Meta Platforms is preparing to cut approximately 8,000 jobs this week, roughly 10% of its global workforce. The company also plans to cancel hiring for around 6,000 open roles, bringing the total number of eliminated positions to approximately 14,000.
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