Meta cuts 8,000 jobs and cancels 6,000 open positions
Meta Platforms Inc. will begin laying off about 8,000 employees this week while canceling plans to fill 6,000 open positions. The moves coincide with a raised 2026 capital expenditure forecast of $125 billion to $145 billion.
androidheadlines.comMeta Platforms Inc. will begin laying off approximately 8,000 employees starting Wednesday, May 20, representing about 10% of its workforce. The company also canceled plans to fill 6,000 open positions.
8 billion for the first three months of 2026. 6 billion.
Meta raised its 2026 capital expenditure forecast to between $125 billion and $145 billion, citing higher component pricing and additional data center costs. The company added $107 billion in contractual commitments for cloud and infrastructure deals in a single quarter. 25 reached in August 2025.
Key Facts
Story Timeline
4 events- August 2025
Meta stock reached 52-week high of $796.25.
1 sourceBenzinga - 2025
Meta reported full-year revenue of $201 billion, up 22%.
1 sourceBenzinga - Q1 2026
Meta posted revenue of $56.31 billion and net income of $26.8 billion.
1 sourceBenzinga - May 20, 2026
Meta begins laying off 8,000 employees and cancels 6,000 open positions.
1 sourceBenzinga
Potential Impact
- 01
Approximately 8,000 employees will lose their positions at Meta.
- 02
Meta will increase spending on data centers and AI infrastructure.
- 03
Meta's workforce reduction may affect hiring in the technology sector.
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