Why Meta is laying off 10% of its workforce

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Meta, the parent company of Facebook and Instagram, is planning to lay off 8,000 employees, or roughly 10% of its workforce, in May, as it seeks to cut costs to better prepare to do more with artificial intelligence.Meta told its employees about the layoffs in a Thursday memo that said the company will also close 6,000 open roles.Bloomberg earlier reported about the memo.

Meta is among tech companies that have cut thousands of workers since 2022 after going on a hiring spree during the COVID-19 pandemic.From restructuring to AI investments, tech executives have cited various reasons for layoffs.

Business The tech industry, once seen as a relatively stable place to grow a career, continues to be hit by job cuts in 2025.Tech companies including Meta, Block, Autodesk and others are among businesses that have slashed their workforce.Amazon, Snap, Block and other tech companies have continued to slash their workforces this year, flooding the competitive job market with more talent.

From January to March, tech companies announced 52,050 layoffs, up 40% from the same period last year, according to outplacement firm Challenger, Gray & Christmas.Here’s what you need to know about the latest cuts expected at Meta:Meta has been growing its digital ads business and is expected to outpace its rivals this year, becoming the world’s top player in digital ads.Emarketer estimates that the company’s global net ad revenue will reach $243.46 billion in 2026, surpassing Google’s projected $239.54 billion for the first time.

The company is spending heavily on artificial intelligence and new hardware such as smartglasses.In 2025, Meta’s full-year net income was roughly $60 billion, a 3% decline compared to 2024.

Meta is doing better than many in the industry, but still slashing headcount for many types of jobs.Its rival Snap, reported a net loss of $460 million last year and is lay...