Meta begins 8K global job cuts, starting in Singapore
CoinTelegraph·
60-second summary
Meta is currently undergoing 8,000 global job cuts, starting in Singapore, as part of a broader restructuring effort. Approximately 49,000 workers have been laid off in 2026, with the company adopting a more AI-reliant business model to reduce costs and stay competitive. This significant downsizing will likely impact the global tech industry, affecting job markets and AI development.
Approximately 49,000 workers were laid off in 2026 as companies adopted a more AI-reliant business model.