Meta announced on April 23 it will lay off approximately 8,000 employees — 10% of its workforce — beginning May 20, while canceling 6,000 open requisitions. Simultaneously, the company raised its 2026 capital expenditure guidance to $115–$135B (up from $72.2B in 2025) to fund Meta Superintelligence Labs infrastructure. Zuckerberg cited AI productivity gains enabling smaller teams to replace large ones as justification for the headcount reduction.