Meta planning layoffs that could hit 20% of workforce

Meta Platforms is reportedly planning layoffs that could affect 20% or more of its nearly 79,000-person workforce, according to three anonymous sources. No date or final figure has been set. The cuts are driven by Meta's massive AI infrastructure investments, including a $600-billion data center build-out by 2028, acquisitions of AI-focused companies, and a push to recruit top AI researchers. CEO Mark Zuckerberg has cited AI-driven efficiency gains as a reason fewer workers will be needed. The move would be Meta's largest round of layoffs since its 2022-2023 'year of efficiency.' The trend mirrors broader tech industry cuts, with Amazon and Block also reducing headcount while pointing to AI capabilities as a factor.