Overview
- Meta plans to eliminate about 8,000 jobs on Wednesday, May 20, equal to roughly 10% of its workforce.
- Mark Zuckerberg told employees that using AI tools internally is not what is driving the job cuts, while CFO Susan Li framed the move as part of a leaner model to help offset large investments.
- The company reported record first-quarter results with $56.31 billion in revenue and $26.8 billion in net income, and it guided $125–$145 billion in 2026 AI spending after adding $107 billion in infrastructure commitments.
- Meta has rolled out the Model Capability Initiative on U.S. work laptops, software that logs keystrokes and takes periodic screenshots to train AI systems, and there is no opt-out for U.S. staff.
- Interviews describe very low morale, with some workers preferring to be laid off for 16 weeks of pay and extended health coverage, and leadership has not ruled out more reductions later in 2026.