Meta is laying off 10% of its workforce starting 20 May, with more cuts planned for H2 2026, while spending up to $135B on AI infrastructure and awarding executives $921M stock options.

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Meta will lay off about 8,000 employees, or 10% of its workforce, starting May 20, while closing 6,000 open positions to offset soaring AI infrastructure costs. The company plans to spend up to $135 ...