Meta will cut 10 percent of its workforce, the company announced. The layoffs represent Meta's largest reduction since 2023 and follow weeks of employee speculation about job losses.
The cuts come as Meta has spent billions developing artificial intelligence capabilities. The company has been investing heavily in AI infrastructure and research, a strategy that has strained its budget.
Chief Executive Mark Zuckerberg has signaled the company will pursue efficiency gains and reallocate resources toward high-priority projects. The layoffs will affect employees across the organization.
Meta employed roughly 67,000 people as of late 2024, meaning the cuts will eliminate approximately 6,700 jobs. The company has not specified which divisions or regions will be hit hardest.
The move reflects broader trends in the tech industry where companies are trimming workforces after pandemic-era hiring booms. Other major tech firms including Amazon, Google, and Twitter have conducted significant layoffs in recent years.