The technology giant could reduce its workforce by around 20%, affecting around 16,000 employees, Reuters reported.
If confirmed, it would be Meta’s biggest round of layoffs since 2022, when it cut 11,000 jobs, followed by an additional 10,000 roles being cut in 2023.
According to people familiar with the matter, the layoffs could begin within a month.
This comes as Meta previously revealed plans to invest about $600 billion in new AI infrastructure and data centres by 2028, as part of its long-term AI strategy.
Additionally, it also made major AI recruitments for its superintelligence team, poaching talent from rivals including OpenAI, Google and Anthropic. However, last month, Meta denied any plans for another round of performance-based layoffs, despite ongoing restructuring and reductions in Reality Labs sparking speculation.
At the time, a Meta spokesperson told Business Insider that recent changes were limited in scope and not part of any broader initiative.
“These are individual cases not related to any company-wide initiatives,” the spokesperson said, adding: “For example, we are not doing any 5% low performers like we did last year.”
The news comes as many telecom and technology companies have announced a raft of layoffs, including Oracle, Salesforce, Telstra, TCS, Ericsson and T-Mobile.
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