AI & Jobs Meta's May 20 Cut Lands, Zuckerberg Town Hall: 「Two Cost Centers — Compute Infrastructure and People」 — Same-Week Capex Bumped to $125–145B from $115–135B, ~8,000 Out (~10%), Severance Is 16 Weeks + 18 Months Health Care
Meta starts cutting ~8,000 roles on Wednesday. The same week, capex guidance was raised to $125–145B. Zuckerberg told staff the company has 「two cost centers — compute and people」 and refused to rule out more cuts.