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Meta planning sweeping layoffs as AI costs mount

14 March 2026, 10:44 am

1 min read

FILE PHOTO: People pose for a photo in front of a sign of Meta, the new name for the company formerly known as Facebook, at its headquarters in Menlo Park, California, U.S. October 28, 2021. REUTERS/Nathan Frandino/File Photo

Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters, as Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.

Why it matters

Meta Platforms shares rose 3% on Monday following a Reuters report. Top executives have recently signaled the plans to other senior leaders at Meta and told them to begin planning how to pare back, two of the people said.