Meta's May 20 Layoffs—What 8,000 Job Cuts Mean for Tech's AI Future The Announcement No One Wanted to Wake Up To April 17, 2026. The news hit like a punch to the gut for Meta's nearly 79,000 employees. Three sources familiar with the plans told Reuters that Meta intends to conduct its first wave of sweeping layoffs on May 20, and that's just the beginning. The Facebook and Instagram parent will cut about 10% of its global workforce in that initial round. That's roughly 8,000 people. And if you're thinking, "Wait, wasn't the 'Year of Efficiency' supposed to be over?" ... yeah. So did everyone else. But here's the thing, this isn't 2023 all over again. The company isn't in freefall. The stock isn't crashing. Meta just posted over $200 billion in revenue last year. So what's actually going on? That's what we're here to unpack. No corporate jargon. No sugar-coating. Just the facts, the context, and what it means ...
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