Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Meta eyes massive 20% workforce cut as AI infrastructure costs continue to soar across operations: report
close
Mark Mahaney on top Big Tech picks: Amazon, Meta, Alphabet
Evercore ISI senior managing director Mark Mahaney breaks down his stock picks on ‘Varney & Co.’
Meta is reportedly weighing layoffs that could impact at least 20% of its workforce as the tech giant looks to offset rising artificial intelligence costs.
The cuts come as the technology company aims to offset the cost of artificial intelligence infrastructure and prepare for greater efficiency brought about by AI-assisted workers, three sources familiar with the matter told Reuters.
The outlet added that the timing and size of the potential layoffs have not been finalized.
When reached for comment, a Meta spokesperson told FOX Business, “This is a speculative report about theoretical approaches.”
META CUTS OVER 1,000 JOBS IN MAJOR METAVERSE RETREAT
Meta CEO Mark Zuckerberg arrives at the Los Angeles Superior Court at United States Court House on Feb. 18, 2026, in Los Angeles, California. (Jill Connelly/Getty Images / Getty Images)
According to Reuters, top Meta executives recently shared plans for the proposed layoffs with other senior leaders at the company.
If the company were to slash 20% of its employees, the layoffs would amount to Meta’s largest restructuring since 2022 and early 2023, the outlet said.
Meta laid off 11,000 workers in November 2022 — around 13% of its workforce at the time, Reuters reported.
The company cut another 10,000 jobs months later.
JUDGE BLOCKS META FROM INTRODUCING ‘EXAGGERATED’ CLAIMS IN SOCIAL MEDIA TRIAL
Meta is reportedly considering layoffs that could affect up to 20% of its workforce as the company invests heavily in artificial intelligence infrastructure. (David Paul Morris/Bloomberg via Getty Images / Getty Images)
Meta employed nearly 79,000 people as of Dec. 31, according to its latest filing.
Other major companies, including Amazon, have recently announced large-scale layoffs tied to AI developments.
In January, Amazon cut around 16,000 jobs and signaled at the time that more reductions could follow.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
Meta is weighing significant workforce reductions as the tech giant ramps up spending on artificial intelligence infrastructure. (Getty Images / Getty Images)
The company previously announced a first round of cuts totaling about 14,000 white-collar layoffs in October, bringing its corporate reductions to roughly 30,000 roles.
In making the cuts, which represented nearly 10% of its white-collar workforce, Amazon cited efficiency gains from artificial intelligence and broader cultural changes.
FOX Business’ Bradford Betz contributed to this report.