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Meta to cut 10% of jobs, or 8,000 employees

Meta to cut 10% of jobs, or 8k employees

Meta plans to cut 10% of its workforce, or 8,000 employees, and not hire for 6,000 open roles. A Bloomberg-cited internal memo says the cuts start May 20; Meta had not responded to TechCrunch for comment. The key signal is capital reallocation: the memo ties the cuts to efficiency and offsetting AI and other investments.

Why it matters: Meta cutting 10% is not just generic business news here; it signals budget and headcount reallocation around AI. HKR-H/K/R all pass, but this is still a memo-based report that Meta has not confirmed, so it lands as high featured rather than p1.

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