Meta to cut 8,000 jobs as it charges into AI

MoneyWatch Meta to cut 8,000 jobs as it charges into AI .chip { background-image: url('/fly/bundles/cbsnewscore/images/chip-bgd/chip-bgd-moneywatch.jpg'); } By Alain Sherter Alain Sherter Senior Managing Editor, MoneyWatch Alain Sherter is a senior managing editor with CBS News. He covers business, economics, money and workplace issues for CBS MoneyWatch. Read Full Bio Alain Sherter April 23, 2026 / 3:03 PM EDT / CBS News Add CBS News on Google Meta plans to lay off roughly 8,000 employees, or 10% of its workforce, in a move to slash costs as the technology company pushes deeper into artificial intelligence. In an internal memo sent to workers, Meta said the job cuts are intended to make the company more efficient and to offset its other investments. The layoffs will start on May 20, the company confirmed.— This is a developing story and will be updated. CBS News' Kelly O'Grady contributed to this story. Edited by Aimee Picchi .component--type-recirculation { .item:nth-child(7), .card-recirc:nth-child(7) { display: none; } } #inline-recirc-item--id-1732c787-e772-4a47-8d5b-02391c4060f4, #right-rail-recirc-item--id-1732c787-e772-4a47-8d5b-02391c4060f4 { display: none; } #inline-recirc-item--id-1732c787-e772-4a47-8d5b-02391c4060f4 ~ .item:nth-child(7) { display: block; } In: Meta © 2026 CBS Interactive Inc. All Rights Reserved.