Meta employees report low morale as company prepares to lay off 8,000 workers despite $26.8B quarterly profit
Meta's forthcoming layoffs will reportedly eliminate about 10% of its workforce, even as Q1 profits hit $26.8 billion and AI spending rockets toward $145 billion this year alone.
Read the full articleYou might also wanna read
Meta plans to lay off 10% of staff, approximately 8,000 employees, in May
Meta is planning to layoff around 10 percent of employees in May. That means approximately 8,000 people will see their jobs cut.
The Verge·2mo ago
Meta Plans 10% Workforce Cut Amid Record Profits and Plummeting Employee Morale
Next week, Meta is cutting about 10 percent of its staff. WIRED spoke with more than a dozen current and former employees about what it's li
wired.com·2mo agoMeta Cuts 8,000 Jobs at Record $56B Revenue to Fund the Biggest AI Capex Bet in Tech History
Meta laid off 8,000 employees (10% of its workforce) on May 20, 2026 — the same week it posted record Q1 revenue of $56.31B and raised its 2
Meta lays off thousands of employees to fund AI investments
Meta has reportedly notified thousands of employees that they’ve been laid off as the company attempts to compensate for its hefty AI invest
The Verge·1mo ago
Meta Cuts 8,000 Jobs, Intuit Cuts 3,000: The AI Layoff Paradox of May 2026
Meta laid off 8,000 employees while spending $145B on AI. Intuit cut 17% of staff to pivot to AI. 150K+ tech workers cut in 2026. Here's who
Meta’s AI Layoff Algorithm: 8,000 Jobs Cut by Machine, Lawsuit Claims
26 employees are suing Meta, claiming its AI tools selected 8,000 workers for layoffs and disproportionately targeted staff with disabilitie
Comments
Sign in to join the conversation.
No comments yet. Be the first.