Meta will lay off approximately 10% of its workforce in May 2024, according to a memo from Chief People Officer Janelle Gale, as reported by Bloomberg. This reduction will impact roughly 8,000 employees.
The company will also close around 6,000 open roles, Gale confirmed in the memo.
Context Behind the Layoffs
The workforce reduction follows Meta’s aggressive investments in artificial intelligence (AI). These include substantial spending to hire top talent and expand data center infrastructure.
In January 2024, Meta forecasted capital expenditures of $115 billion to $135 billion for 2026. This marks a significant increase from the $72.22 billion projected for 2025. The company stated the increase is intended to “support ongoing product development and infrastructure growth.”
Impact and Next Steps
Meta has not yet announced which teams or departments will be most affected by the layoffs. Employees are expected to be notified in May 2024.
This decision reflects broader industry trends, as tech companies reassess staffing levels amid evolving market demands and AI-driven operational shifts.
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