Meta cuts 8,000 jobs

Meta began notifying roughly 8,000 employees on May 20 that they were losing their jobs, according to local Bay Area reports, as the company reshaped teams while continuing to spend heavily on artificial intelligence. The cuts put Meta alongside Intuit and LinkedIn in a fresh round of Silicon Valley layoffs announced this week. NBC Bay Area reported Meta cut 8,000 jobs, Intuit cut 3,000 and LinkedIn disclosed 500 planned layoffs. Local reports tied the moves to a broader push by technology companies to redirect spending and hiring toward selected AI work. ### Why is Meta cutting so many jobs now? Meta’s layoffs were described in local coverage as part of an AI-focused restructuring rather than a broad collapse in demand. The San Francisco Chronicle, in a report mirrored on Yahoo Finance, said Meta was moving thousands of workers into AI-focused teams while increasing spending on the technology. NBC News reported last month that Meta planned to cut about 10% of its workforce, or about 8,000 employees, while also eliminating another 6,000 open roles. (nbcbayarea.com) KTVU reported that about 8,000 Meta employees received official notice on May 20. The station said the reductions came as major Bay Area firms adjusted headcount during what it called an industry shift tied to AI transformation. ### What makes the Intuit cuts stand out? Intuit said on May 20 that it would eliminate about 3,000 jobs worldwide, or roughly 17% of its workforce, even after quarterly revenue rose 10% to $8.6 billion and the company raised its full-year forecast, according to reports cited by Yahoo Finance and local coverage. (finance.yahoo.com) The company had about 18,200 employees as of July 31, 2025, according to its most recent annual report, as quoted in that coverage. (ktvu.com) The timing made Intuit a notable example of layoffs occurring alongside strong financial results. The San Francisco Chronicle report summarized by Yahoo Finance said the restructuring was tied to artificial intelligence, mid-market growth and efforts to simplify operations. TechCrunch separately reported the company was refocusing on AI. (finance.yahoo.com) ### How broad is this week’s Bay Area layoff wave? NBC Bay Area reported that LinkedIn also revealed 500 planned layoffs this week. The same report quoted Joint Venture Silicon Valley Chief Executive Russell Hancock saying, “We’re on the cusp of a fundamental restructuring,” and said companies were more explicitly linking job reductions to lower demand for human labor in some functions. (finance.yahoo.com) KTVU said Intuit’s cuts are expected to be completed by July 31. That report grouped Meta and Intuit among Bay Area companies reducing staff while continuing to invest in AI-related priorities. ### How large is the 2026 tech layoff tally? Parriva reported on May 19 that more than 110,000 tech workers had been laid off in 2026 and cited Layoffs.fyi data showing more than 815,500 tech layoffs since 2022. (nbcbayarea.com) NBC Bay Area and KRON, as summarized in the source briefing, also cited 2026 layoff totals above 100,000. TechCrunch, citing Statista, separately reported that the tech industry had already cut more than 100,000 jobs this year. (ktvu.com) The figures differ by tracker, but each points to a six-figure total for 2026. ### What happens next at these companies? July 31 is the date KTVU reported for completion of Intuit’s planned layoffs. (parriva.com) Meta has already begun notifying affected employees, and NBC Bay Area reported LinkedIn’s 500 layoffs as planned rather than completed. Further details are likely to emerge through company filings, employee notices and any state WARN disclosures tied to specific offices. (ktvu.com) (techcrunch.com)