META’s Zuckerberg Says No More Layoffs This Year: Report

• Internal memo accessed by Reuters mentioned no more layoffs this year. 
• Meta executed a major round of layoffs, letting go of nearly 8,000 workers on Wednesday.
• Meta sharply increased its 2026 capital spending forecast to about $135 billion.

Meta Platforms (META) shares rose slightly on Wednesday after CEO Mark Zuckerberg reportedly told employees that he does not expect any more company-wide job cuts this year. 

The announcement comes directly on the heels of a massive restructuring effort at the social media giant, which resulted in thousands of workers being notified of their termination early Wednesday morning. 

"I ​want to be clear that we do not expect other company-wide layoffs this year. I also want to acknowledge that we haven't ​been as clear as we aspire to be ​in our communication, and that's one area I want to make ‌sure ⁠we improve," Zuckerberg said in the memo exclusively viewed by Reuters. 

META's Recent Layoffs

On Wednesday, May 20, Meta executed a major round of layoffs, letting go of approximately 8,000 employees globally, which represents roughly 10% of its workforce. The reductions heavily targeted the company's engineering and product teams. To manage the rollout, Meta instructed its North American staff to work remotely and to deliver termination notices via email in regional waves starting as early as 4:00 a.m. local time. 

In addition to the direct job cuts, the company eliminated 6,000 open roles that it had been actively seeking to fill. As part of the restructuring, about 7,000 retained employees are being reassigned to four newly created divisions built around artificial intelligence (AI).

The primary driver behind the workforce reduction is a strategic shift toward artificial intelligence, which has sparked a massive surge in corporate spending. 

Meta significantly raised its 2026 capital expenditure guidance to around $135 billion, funneling the vast majority of those funds into AI data centers, custom silicon, and model training. 

According to a Bloomberg report, staff in Singapore received notices early Wednesday morning local time, while employees in Europe and the United States were expected to hear from management later in the day. 

META Retail View 

Retail sentiment on Stocktwits was ‘neutral’ while message volumes were ‘low’. 

One user highlighted some negative sentiment toward Meta stock. 

The stock has lost 5% over the past 12 months.

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