Meta conducted a significant round of layoffs on May 20, eliminating approximately 10,000 jobs as the social media company continues restructuring efforts announced earlier this year. The cuts represent about 10 percent of the company's workforce.

According to sources familiar with the matter, Meta is simultaneously moving 7,000 employees into roles focused on artificial intelligence and consolidating them into four new organizational structures. This shift reflects the company's stated goal of transforming into an AI-first organization.

The layoffs had been previously announced to employees, giving workers advance notice of the May 20 timeline. In the lead-up to the job cuts, employees reportedly accelerated their use of company benefits and perks, including headphone stipends and other workplace allowances.

This marks Meta's second major round of workforce reductions in recent months, as the company seeks to streamline operations and redirect resources toward artificial intelligence initiatives. The restructuring comes as Meta faces ongoing challenges in its core social media business and increased competition in the technology sector.

The job cuts affect various divisions across the company as Meta works to align its workforce with strategic priorities centered on AI development and implementation.