Meta braces for 8,000-person layoff May 20 as AI infra spend swells

A former Meta employee described a 'doomsday' atmosphere ahead of a planned 8,000-person layoff on May 20, as Meta redirects headcount budget into multi-billion-dollar AI infrastructure. The cut is part of a broader 2026 hyperscaler capex wave projected at ~$725B (up 77% YoY).