Meta is laying off 10 percent of its staff

Meta is planning to lay off around 10 percent of its employees, approximately 8,000 people, due to significant investments in AI. The cuts follow Meta's forecast to spend $115 billion to $135 billion in capital expenditures in 2026. This will also involve closing around 6,000 open roles. The layoffs are expected to happen in May. Engineers should be prepared for potential changes in their roles or departments.