The company said in an internal memo that the cuts are needed to run more efficiently and offset other investments. It will also cancel plans to hire for 6,000 open roles.

The social media giant plans to cut its workforce. But this difficult move could be exactly what the market needs to see to buy into the company's heavy spending plans.

Meta Account lets you manage and access all your Meta accounts from a single unified dashboard.

Two of the world's biggest tech companies are shrinking their headcounts — Meta through layoffs, Microsoft through buyouts — as the AI spending race heats up.View on euronews

Meta has rolled out parental supervision tools that show what topics teens discuss with its AI across apps, aiming to improve visibility, safety, and meaningful parent-teen conversations

TD Cowen just weighed in again. The firm reaffirmed its buy rating on Meta and stuck with a price target of $820, which still points to a little more than 20% upside from where the shares have been changing hands lately, according to MarketBeat’s summary of the note.

Polymarket bettors lifted 2026 tech layoff odds to 84% after Meta confirmed an 8,000-person cut and installed workflow-tracking software on US employees.

Mark Zuckerberg-led Meta has confirmed it plans to slash about 8,000 jobs — roughly 10% of its workforce — informing employees of the sweeping cuts on Thursday. The Facebook parent disclosed the layoffs in a staff memo, signaling that the company is moving ahead with a massive workforce reduction as it pours billions into artificial intelligence.