Meta cuts 8,000 jobs and eliminates 6,000 roles to fund AI investments

8 articles · Updated · CNBC · Apr 29

The workforce reduction, starting in May, represents about 10% of Meta's staff and follows a memo from chief people officer Janelle Gale.
Meta aims to reallocate resources toward AI by reducing payroll, potentially saving $3–10 billion annually and boosting future earnings. The company continues aggressive investments in AI infrastructure, custom chips, and partnerships.
Recent AI initiatives include the Muse Spark model and major cloud deals with AWS, CoreWeave, and Nebius. Investors are watching for improved ad performance and profitability as Meta shifts focus to AI-driven growth.

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