Meta's AI Bet: Why 20% Layoffs Could Be Just the Beginning

Meta is planning to cut 20% or of its workforce - roughly 16,000 jobs - to help fund the company's aggressive push into artificial intelligence. That's the word from Reuters, citing three sources familiar with the matter. The story broke on Monday, sending Meta's stock up nearly 3% even as the company called the reporting "speculative." If the cuts materialise at the 20% mark, it would be the largest single restructuring at Meta since the so-called "year of efficiency" in late 2022 and early 2023, which eliminated around 21,000 roles.