Meta reportedly weighs cutting 16,000 jobs, 20% of staff, to fund AI infrastructure spending
Key points
- Meta is reportedly weighing cuts of about 16,000 jobs, 20% of staff
- AI infrastructure spending could reach $135 billion in 2026
- About 8,000 jobs cut this year; plans to hire 6,000 canceled
- Figures not yet confirmed by Meta
Meta is reportedly weighing cuts to 16,000 jobs, about 20% of its staff, to fund AI infrastructure spending that could reach $135 billion in 2026, Reuters reports. The company has already cut about 8,000 jobs this year, roughly 10% of its workforce, and canceled plans to hire 6,000 people. The figures have not been confirmed by the company.
Original report: Startup Fortune ↗Edited with AI assistance. Facts are based on official sources and original reports.