Meta to cut about 8,000 jobs amid reports of management streamlining ahead of a 20 trillion yen AI investment

Meta is reportedly cutting about 8,000 jobs and canceling around 6,000 planned hires.

The changes are expected to start around May 20 and come as Meta boosts AI spending.

Meta says it plans to spend more than $135 billion a year on AI infrastructure.

The move highlights how the company is shifting resources to fund its AI buildout while reducing costs.