top line
Meta said in a Thursday memo that it plans to lay off 10% of its workforce and will not hire employees for 6,000 open positions in hopes of offsetting the money it spent this year to integrate artificial intelligence into the company in the latest round of corporate reforms attributed to AI.
Meta CEO and billionaire Mark Zuckerberg.
Getty Images
timeline
General details of personnel reductions announced by Meta 8,000 The workforce cuts scheduled for May 20 are part of a plan initially reported by Reuters that would see the company (which employs about 75,000 people) potentially cut jobs by more than 20% as it invests in AI and plans to utilize AI-assisted workers.
Billionaire Evan Spiegel told employees at Snap, the parent company of social media app Snapchat. 1,000 Jobs will be reduced because “rapid advances in artificial intelligence” will allow fewer people to do the same job. The move is expected to save the company $500 million by the second half of 2026.
Oracle was founded by billionaire Larry Ellison. 20,000～30,000 As the company invests heavily in building out its AI infrastructure, it is also hiring more employees.
Mark Zuckerberg, the world’s 5th richest man, is fired by Meta 700 The New York Times reported on People in a way that “highlights how much AI has changed the technology industry.”
Crypto.com lays off approximately 12% 180which cut its workforce as it integrated “company-wide AI,” with CEO Chris Marszalek describing the jobs being cut as “roles that didn’t fit into the new world.”
Software company Atlassian cuts about 10% of its workforce –1,600 “We fundamentally believe that humans and AI produce the best results,” said co-founder Mike Cannon-Brooks, adding that the company’s plan is to “self-fund further investment in AI.”
Billionaire Jack Dorsey’s company Block cuts jobs 4,000 There will be a major reorganization to integrate AI and create smaller, faster teams, and the workforce (nearly half of the company’s staff) will be cut.
Software company WiseTech Global has announced that it will lay off approximately one-third of its employees (2,000 We plan to rebuild around artificial intelligence over the next two years.
It was first reported that Salesforce’s layoffs were 1,000 The cuts came earlier this year in marketing, product management, data analytics and the company’s Agentforce AI product, about six months after Salesforce CEO and billionaire Marc Benioff blamed AI for the layoffs of 4,000 support staff.
Social media platform Pinterest has announced that it will cut approximately 15% of its workforce. 800 (based on 5,200 employees at the end of 2025), the company’s stock price fell nearly 10% as it reallocated funds to AI-focused roles.
Receive text alerts for Forbes Breaking News: Start text message alerts to stay informed of the biggest stories shaping the day’s headlines. Send “alert” via text message (201) 335-0739 Or sign up here: joinsubtext.com/forbes.
important quotes
“Companies are shifting their budgets toward AI investments at the expense of jobs,” said Andy Challenger, workplace expert and chief revenue officer at career services firm Challenger, Gray & Christmas. “Real role displacement is being seen in technology companies, where AI can replace coding functions.Other industries are also testing the limits of this new technology, and while it cannot completely replace jobs, it is costing jobs.”
big number
30,000. That’s the number of layoffs blamed on AI so far this year, Challenger said. AI is cited for approximately 55,000 reductions in 2025.
Main background
Technology company CEOs have recently warned that middle management and white-collar jobs are likely to be the most vulnerable in the AI renaissance. Dario Amodei, the billionaire founder and CEO of AI giant Anthropic, said last year that artificial intelligence could eliminate half of entry-level white-collar jobs and cause unemployment to skyrocket. He accused AI companies and government officials of “sugar-coating” the reality that mass job cuts are likely to occur in technology, finance, law and other sectors. Dorsey and former Sequoia managing partner Roelof Botha said last month that they believe AI can do much of what middle managers, or about 12% of employees, currently do. Just Capital, a nonprofit business polling organization, said this week that one-third of Americans are concerned about significant layoffs due to AI replacing roles. More than half of company leaders surveyed said they believe hiring for entry-level positions will slow in the coming years, and that the remaining jobs will require higher skills from employees than in the past. Other analyzes suggest that technology jobs are far more at risk than roles in other sectors. The U.S. Census Bureau estimates that companies in tech-heavy areas like San Francisco, Boston, and Seattle use AI at a much higher rate than in other parts of the country.
