Meta is employing artificial intelligence (AI) to replace about 10% of its workers – up to 8 000 people.
The company has also said it will close 6 000 open roles.
This could be just the start of mass layoffs at Meta, which owns Facebook, Instagram and WhatsApp, as the company has previously said a lot of coding and other technology roles could be done by AI in the future.
Meta has been investing heavily in AI data centres and chips, with between $115-billion and $135-billion earmarked for AI investments this year.