Meta is preparing to cut about 8,000 jobs, roughly 10% of its workforce, while leaving about 6,000 roles unfilled. The restructuring is expected to begin May 20. The job reductions coincide with record financial performance, including strong revenue and net income figures. Instead of reducing spending due to weakness, Meta is raising 2026 capital expenditure guidance to as much as $145 billion, up sharply from 2024 levels. Much of the increased spending is directed toward AI infrastructure, including Nvidia GPUs, infrastructure deals, and an expanded Llama model ecosystem. The stated goal is to run the company more efficiently and offset other investments.
"In an April memo cited by CNBC, Meta informed staff that the reductions are "all part of our continued effort to run the company more efficiently and to allow us to offset the other investments we're making." Finance chief Susan Li further noted to investors during the first-quarter earnings call that executives "don'"
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