capital · May 20, 2026
Meta CEO Mark Zuckerberg Tells Employees No More Company-Wide Layoffs Expected in 2026
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Meta CEO Mark Zuckerberg told employees in an internal memo on May 20, 2026 that he does not expect more company-wide layoffs this year. The memo followed the company's execution of layoffs affecting about 10% of its global workforce and transfers of 7,000 employees into AI-focused roles as part of a broader restructuring. Mark Zuckerberg made the announcement the same day Meta carried out the first wave of cuts. Meta Chief People Officer Janelle Gale previously detailed the plans in a May 18 memo. Meta raised its 2026 capital expenditure outlook to $125 billion to $145 billion.
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