By Una Hajdari
Publication Date: 2026-04-24 07:48:00
Meta is cutting roughly 8,000 jobs or around 10% of its workforce as it funnels ever more cash into artificial intelligence and the sky-high salaries needed to attract AI talent.
The company confirmed the cuts on Thursday, framing them as a drive for efficiency to free up investment in priority areas of the business. Bloomberg, which first reported the news, also said Meta plans to leave around 6,000 vacancies unfilled.
Meta has already told investors its costs will balloon significantly next year, to somewhere between $162bn (€143bn) and $169bn (€150bn), driven by infrastructure spending and the increasingly eye-watering pay packets it is offering AI specialists.
Wedbush analyst Dan Ives was upbeat about the cuts in a note to investors, arguing Meta was using AI tools to “automate tasks that once required large teams, allowing the company to streamline operations and reduce costs while maintaining productivity [and] driving an increased need for a leaner operating…
