Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters, as Meta seeks to offset costly bets on artificial intelligence infrastructure and prepare for greater efficiency enabled by AI-assisted workers.
No date has been set for the cuts, and the magnitude has not been finalized, the people said.
op executives have recently signaled the plans to other senior leaders at Meta and told them to begin planning how to pare back, two of the people said. The sources spoke anonymously because they were not authorized to disclose the cuts. “This is speculative reporting about theoretical approaches,” Meta spokesperson Andy Stone said in response to questions about the plan. If Meta settles on the 20% figure, the layoffs will be the company’s most significant since a restructuring in late 2022 and early 2023 that it dubbed the “year of efficiency.” It employed nearly 79,000 people as of December 31, according to its latest filing.