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Thu, 23 Apr 2026

Thu, 23 Apr 2026 Meta says it will cut 8,000 jobs as AI spending soars

The cuts, which employees had been expecting for weeks, will be Meta's largest layoff since 2023.

* Meta plans to cut 10% of its workforce, roughly 8,000 jobs
* The company will also stop filling thousands of open job roles
* The layoffs are due to increased spending on AI projects, with a $135 billion budget for this year alone (equivalent to its total AI spending over the past three years)
* This is Meta's largest layoff since 2023 and comes after earlier rounds of cuts in 2022
* Other tech firms such as Amazon, Oracle, Block, and Snap have also enacted significant job cuts this year due to increased investment in AI technology.