Meta just cut roughly 8,000 jobs, approximately 10% of its workforce, in one of the largest layoff rounds in the company’s history. The company also canceled around 6,000 open roles, effectively removing about 14,000 positions from the org chart in a single stroke.
Meta reported record Q1 2026 revenue of approximately $56.3B with a net profit of $26.8B. Meta expects AI-related capital expenditures to land between $125B and $145B this year, centered on data centers, GPU clusters, and supporting its family of Llama models.
Bank of America estimates the restructuring could save $7B to $8B annually in operating costs.
The running total is staggering
Since late 2022, Meta has eliminated more than 30,000 positions across multiple rounds. The first wave hit in November 2022 with 11,000 cuts. Another 10,000 followed in March 2023. Now this latest round adds another 8,000 to the pile.
