In Short:
– Meta is cutting 8,000 jobs, impacting 10% of its workforce, to restructure around artificial intelligence.
– LinkedIn is reducing 606 jobs, as tech companies face over 100,000 layoffs amid increased AI investment.
Meta is cutting 8,000 jobs as part of a major restructuring focused on artificial intelligence.This move affects around 10 percent of the company’s global workforce and follows earlier confirmations in April.
AI focus shift
About 7,000 employees will be reassigned to new AI divisions dedicated to developing tools and applications for Meta.
The company is also flattening managerial structures and eliminating 6,000 open roles.
These changes impact about 20 percent of Meta’s workforce, with potential for further job losses later in 2026.
Meta’s increased spending on AI infrastructure accompanies these layoffs, with 2026 capital expenditure estimates rising to between $125 billion and $145 billion.
This is a significant increase from a previous forecast of $115 billion to $135 billion.
In a related development, LinkedIn, owned by Microsoft, has announced staff reductions as well.
The platform is eliminating 606 California positions, representing about 5 percent of its total workforce.
In an internal communication, LinkedIn’s CEO stated that layoffs are not attributed to AI displacing jobs.
In total, the tech sector has cut over 100,000 jobs in 2026 amid a growing trend towards AI investment.
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🚨META TO LAY OFF 8,000 WORKERS$META is reportedly set to lay off 8,000 employees starting tomorrow.
The company posted $70.6 billion in net income over the last 12 months.
That’s enough to give each of its 79,000 workers a $440,000 bonus and still keep more than $35.8… pic.twitter.com/K7Y09rWzoi