{"id":546283,"date":"2026-03-17T13:46:21","date_gmt":"2026-03-17T13:46:21","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/546283\/"},"modified":"2026-03-17T13:46:21","modified_gmt":"2026-03-17T13:46:21","slug":"meta-planning-sweeping-layoffs-itnews","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/546283\/","title":{"rendered":"Meta planning sweeping layoffs &#8211; iTnews"},"content":{"rendered":"<p>Meta is planning sweeping \u2060layoffs that \u2060could affect 20 percent or more of the company, three sources familiar with the matter told Reuters, as it seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.<\/p>\n<p>                                <img loading=\"lazy\" decoding=\"async\" id=\"ContentPlaceHolder1_ucArticle_imgImage\" width=\"748\" height=\"420\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2026\/03\/1773755181_279_ImageResizer.ashx.jpeg\" alt=\"Meta planning sweeping layoffs\"\/><\/p>\n<p>No date has been set for the cuts and the \u200cmagnitude has not been finalised, the people said.<\/p>\n<p>Top executives have recently signaled \u200cthe \u200cplans to other senior leaders at Meta and told them to \u200cbegin planning how to pare back, two of the people said. \u2060<\/p>\n<p>The sources spoke anonymously because they were not authorised to disclose the cuts.<\/p>\n<p>&#8220;This is speculative reporting about theoretical approaches,&#8221; Meta spokesperson Andy Stone said in response to questions\u00a0about the plan.\u00a0<\/p>\n<p>If Meta settles on the 20 percent figure, the layoffs will be the company&#8217;s most significant since a \u200brestructuring in late 2022 and early 2023 that it dubbed the &#8220;year of efficiency.&#8221;<\/p>\n<p>It employed nearly 79,000 people as of December 31, according to its latest filing.<\/p>\n<p>The \u2060company laid off 11,000 staffers in November 2022, or around 13 percent of its workforce at the time.<\/p>\n<p>Around four months later, it announced it was cutting another 10,000 jobs.<\/p>\n<p>Over the last year, CEO Mark Zuckerberg has been pushing Meta to compete more forcefully in generative AI.<\/p>\n<p>The company has offered huge pay packages, some worth hundreds of millions of dollars over four years, to court top AI researchers to a new superintelligence team.<\/p>\n<p>The company has said it plans to invest US$600 billion ($858.7 million) to build data centres by 2028.<\/p>\n<p>Last week, it acquired Moltbook, \u200ba social networking platform built for AI agents.\u00a0Meta is \u2060also spending at least US$2 billion to buy Chinese AI startup Manus, Reuters \u2060previously reported.\u00a0<\/p>\n<p>Zuckerberg has alluded to efficiency gains from the investments, saying in January he was starting to see &#8220;projects that used to \u200brequire big teams now be accomplished by a single very talented person.&#8221;<\/p>\n<p>Meta&#8217;s plans reflect a broader pattern \u200camong major US companies, \u2060particularly in tech, this year.<\/p>\n<p>Executives have pointed to recent improvements in AI systems as one reason for the changes.<\/p>\n<p>In January, Amazon confirmed it would cut some 16,000 jobs, amounting to nearly 10 percent of its workforce.<\/p>\n<p>Last month, the fintech \u200ccompany Block chopped nearly half of its staff, with CEO Jack Dorsey explicitly pointing to AI tools and their growing capability to help companies do more with smaller teams.\u00a0<\/p>\n<p>Meta&#8217;s planned AI investments follow a series of setbacks with its Llama 4 models last year, including criticism that \u200bit provided misleading results on the benchmarks it used for early versions.<\/p>\n<p>It abandoned the release of the largest version of that model, called Behemoth, which had been due out in the Northern Hemisphere summer.<\/p>\n<p>The superintelligence team has been working to reassert the \u200ccompany&#8217;s standing this \u2060year by building a new model called \u200bAvocado, but the performance of that model has also lagged expectations.<\/p>\n","protected":false},"excerpt":{"rendered":"Meta is planning sweeping \u2060layoffs that \u2060could affect 20 percent or more of the company, three sources familiar&hellip;\n","protected":false},"author":2,"featured_media":546284,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[256,254,255,64,63,105],"class_list":["post-546283","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-artificial-intelligence","tag-artificialintelligence","tag-au","tag-australia","tag-technology"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/546283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=546283"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/546283\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/546284"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=546283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=546283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=546283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}