Overview
- The company plans to cut about 10% of staff, or roughly 8,000 people, with notifications going out Wednesday at 4 a.m. local time in three waves.
- About 7,000 employees are being reassigned to AI projects as Meta flattens management into smaller pods and removes some manager roles.
- Impacted U.S. staff are set to receive at least 16 weeks of base pay plus two weeks per year of service, with 18 months of COBRA coverage.
- Executives say the reshuffle funds an AI buildout forecast at $125 billion to $145 billion in 2026, and they have not ruled out more layoffs later this year.
- Morale has sagged as more than 1,000 employees petitioned against mandatory mouse and keystroke tracking installed to collect data for AI training.