Meta to notify 8,000 layoffs on May 20, about 10% of staff

The 10% reduction Zuckerberg announced in an April 23 internal memo will be delivered on May 20 via work and personal email. U.S. employees receive 16 weeks of base pay plus two additional weeks per year of service and up to 18 months of COBRA health coverage. The move reallocates resources toward $115-135B of 2026 AI infrastructure spending, with additional H2 cuts already flagged.