Zuckerberg blames Meta layoffs on AI costs, says “compute and infrastructure” and “people oriented things” are biggest financial drain right now
Meta is planning to lay off around 8,000 employees, about 10% of its workforce, as part of ongoing cost-cutting measures driven by rising AI infrastructure expenses. CEO Mark Zuckerberg cited "compute and infrastructure" and "people oriented things" as the biggest financial drains, with capital expenditure expected to reach $145 billion. Despite a 33% revenue increase, Meta's shares have dropped 9%, reflecting investor concerns over massive spending on AI.
- ▪Meta plans to cut around 8,000 jobs, about 10% of its workforce.
- ▪Company capex is projected to rise to $145 billion, up $10 billion from earlier estimates.
- ▪Revenue increased by 33% to $56.31 billion, but shares dropped 9% after earnings report.
- ▪Zuckerberg says AI is not directly replacing jobs but is driving infrastructure costs that lead to layoffs.
- ▪Meta's headcount has grown 1% year-over-year despite recent layoffs.
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Pro Zuckerberg blames Meta layoffs on AI costs, says “compute and infrastructure” and “people oriented things” are biggest financial drain right now News By Craig Hale published 1 May 2026 Meta continues to spend big on AI When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. (Image credit: Facebook / Meta) Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Threads Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter Around 8,000 of Meta's nearly 80,000 workers are set to lose their jobs this monthCompany capex is expected to rise $10bn to $145bnRevenue is up 33%, but shares are down 9%Meta is reportedly planning to cut around 8,000 jobs, or 10% of its…
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