capital · May 20, 2026
$META CEO Mark Zuckerberg Announces No More Company-Wide Layoffs Expected in 2026
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Meta CEO Mark Zuckerberg sent a letter to employees on May 20, 2026 stating he does not expect more company-wide layoffs this year. The announcement followed the start of layoffs impacting 8,000 employees or about 10% of Meta's workforce. Meta also moved 7,000 employees into AI initiatives on the same day. Mark Zuckerberg made the memo public internally amid the restructuring tied to AI spending. Meta raised its 2026 capital expenditure guidance to between $125 billion and $145 billion.
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