The company said in an internal memo that the cuts are needed to run more efficiently and offset other investments. It will also cancel plans to hire for 6,000 open roles.

Meta announced Friday that it's partnering with Amazon Web Services to add millions of AWS Gravitron cores to Meta's computers to boost agentic AI.

Meta said it would cut 10% of it employees while Microsoft will offer voluntary retirement to about 7% of workers

Meta will cut 10% of its workforce, impacting about 8,000 employees, as it shifts resources to AI and reduces costs amid ongoing restructuring efforts.

Meta has been poaching talent from Thinking Machines Lab. But it's a two-way street.

Meta isn't in the same position now as it was in late 2022. While the stock has pulled back from its all-time high last July, it's only down 14% from the peak, and the business is still delivering strong growth as the sector is in the midst of an AI boom.

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