Meta Cuts 8,000 Jobs to Fund $145B AI Capex in 2026
Dev.to AI
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AI Business
Meta cut 8,000 jobs as Zuckerberg says $145B 2026 AI capex is crowding out headcount. Revenue grew 33% YoY to $56.31B. Meta laid off 8,000 employees on April 23, 2026, as CEO Mark Zuckerberg told staff that AI infrastructure spending is directly crowding out headcount. The cuts affect 10% of Meta's workforce and begin May 20.