capital · May 20, 2026
Meta CEO Mark Zuckerberg Tells Staff No More Company-Wide Layoffs This Year
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Meta CEO Mark Zuckerberg sent employees a memo on May 20, 2026 confirming he does not expect further company-wide layoffs in 2026. The communication followed the first wave of cuts that removed about 8,000 positions or 10% of the workforce. Meta simultaneously reassigned 7,000 employees to new AI roles and reduced management layers. Mark Zuckerberg issued the statement during the ongoing restructuring driven by AI investments. Meta increased its 2026 capital expenditure forecast to $125 billion to $145 billion.
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