people · May 20, 2026
Meta CEO Mark Zuckerberg Sends Memo on No Further Company-Wide Layoffs This Year
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Meta CEO Mark Zuckerberg informed employees in an internal memo on May 20, 2026 that he does not expect additional company-wide layoffs this year. The statement came amid a major restructuring that included laying off roughly 8,000 employees or 10% of the workforce starting May 20. Meta simultaneously transferred 7,000 staff to AI-related teams and eliminated management layers. Mark Zuckerberg tied the moves to accelerating the company's AI strategy. Meta plans capital expenditures of $125 billion to $145 billion for 2026.
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