Overview
- Reports on Monday say Meta will start cutting about 8,000 jobs on May 20 in a first wave.
- California WARN filings list 124 roles in Burlingame effective May 22 and 74 in Sunnyvale effective May 29.
- Reported targets include Reality Labs, recruiting, sales, global operations, and the Facebook social team.
- The company is folding engineers into an Applied AI Engineering group and reassigning some staff to a new unit called Meta Small Business.
- Meta projects $115 billion to $135 billion of 2026 capital spending on data centers and chips for AI, even as it reports more than $200 billion in revenue and about $60 billion in profit last year.