Meta plans to lay off about 8,000 employees, roughly 10% of its global workforce, beginning May 20, according to sources cited by Reuters.
The company also indicates further layoffs are possible later in the year, though specifics remain unspecified.
Earlier reports suggested Meta contemplated cuts affecting up to 20% of its staff to counterbalance rising artificial intelligence expenses.
The Advertising League (ADL) has warned that Meta’s policy changes could harm advertising revenue amid an increase in hateful and extremist content on its platforms.
Meta CEO Mark Zuckerberg has committed billions to AI development, reorganizing Reality Labs and forming an Applied AI group to create AI agents for coding and complex tasks, per Reuters.
As of December 31, Meta employed nearly 79,000 individuals.
In 2022, Meta reduced staff by 11,000 (about 13%) and later cut another 10,000 jobs; other firms like Amazon have also tied layoffs to AI advancements.