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stock was on the up before U.S. markets opened on Thursday following reports the company is planning to lay off over 20% of its workforce to balance its staggering AI spending plans this year.
While the timing and details of the cuts had not been finalized, top executives at the tech giant told senior leaders to start making plans to reduce headcount, three anonymous sources familiar with the matter told Reuters in an article published on Saturday. Its shares were last up 2.7% in premarket trading at 6:16 a.m. ET, after it plunged nearly 4% on Sunday.
Meta employed nearly 79,000 employees as of December 2025, and the magnitude of the layoff described could affect more than 15,000 workers. This would be its largest layoff since late 2022, when CEO Mark Zuckerberg said Meta was cutting 11,000 jobs and paring back hiring as part of an expansive cost-trimming strategy.
“This is a speculative report about theoretical approaches,” a Meta spokesperson said in a statement to CNBC on Monday.
