Work FuturesThursday, March 26, 2026

Meta Cuts 700 Jobs Across Multiple Divisions While Rewarding Top Executives

Sourced from 5 publications

•Meta is eliminating roughly 700 positions across recruiting, social media, sales, and Reality Labs divisions in the US and abroad.
•The New York Times reports Meta is simultaneously launching a new stock compensation program for top executives alongside the workforce reductions.
•The layoffs accompany Meta's strategic shift away from its costly metaverse investments toward artificial intelligence development.
•National Australia Bank is separately cutting hundreds of Australian roles while increasing hiring in India, per the Daily Mail.
•Reality Labs, the division behind Meta's VR headsets and smart glasses, is among those affected by the job cuts.

Sources

Meta lays off hundreds more workers as Mark Zuckerberg pivots away from costly ‘...

nypost

NAB cuts hundreds of roles in Australia as it ramps up hiring in India

Dailymail

Meta Lays Off 700 Employees, While Rewarding Top Executives

New York Times

Meta is laying off hundreds of employees as it pours money into AI

The Verge

Meta is cutting several hundred jobs

TechCrunch

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Curated from 5 sources. Every summary is reviewed for accuracy, but may still contain errors. We always link to original sources for verification.