"We're doing this as part of our continued effort to run the company more efficiently and to allow us to offset the other investments we're making. This is not an easy tradeoff and it will mean letting go of people who have made meaningful contributions to Meta during their time here."
"Meta's guided capital expenditure for 2026 is between $115 billion and $135 billion, a 73% increase over the $72.2 billion spent in 2025, nearly all directed at AI infrastructure."
"The company is building Prometheus, a one-gigawatt AI supercluster in Ohio coming online this year, and Hyperion, a 2,250-acre, $10 billion facility in Louisiana capable of five gigawatts."
Meta is cutting approximately 8,000 jobs, which is about 10% of its workforce, starting on May 20. The company is also cancelling 6,000 open positions, leading to a total reduction of 14,000 roles. These layoffs are structural, aimed at reorganizing teams into AI-focused groups. Meta plans to invest $115-135 billion in AI infrastructure this year, including the development of significant AI facilities. Additional layoffs are anticipated in the second half of 2026, potentially bringing total cuts to 20% of the workforce.
Read at TNW | Future-Of-Work
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