Meta begins cutting 8,000 jobs globally, starting in Singapore, while investing $135 billion in AI. Here's what the layoffs mean for tech and crypto.

Employee morale has collapsed as Meta reports record profits while eliminating 10 per cent of its workforce. More layoffs are expected in August and autumn 2026 as the company…

In the document, the Facebook owner's head of human resources also told employees that "many leaders will announce org changes" in coordination with the layoffs.