---
schema_version: "secwatch.filing_event.v1"
accession: "0001326801-22-000116"
form_type: "8-K"
ticker: "META"
cik: "0001326801"
company_name: "Meta Platforms, Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T00:48:19.078564+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Meta cuts 11,000 jobs (13% of workforce); lowers 2023 expense and capex outlook

## Summary
- Layoff of approximately 11,000 employees, or about 13% of workforce, across Family of Apps and Reality Labs.
- 2023 total expense outlook lowered to $94-100B from $96-101B; capex narrowed to $34-37B from $34-39B.
- Hiring freeze extended through Q1 2023; additional cost-cutting including desk sharing and reduced real estate.
- Severance: 16 weeks base pay plus 2 weeks per year of service; healthcare coverage for 6 months.
- Q4 2022 revenue outlook unchanged at $30-32.5B; 2022 expense outlook unchanged at $85-87B including severance.

## SEC filing metadata
- accession: 0001326801-22-000116
- form_type: 8-K
- ticker: META
- cik: 0001326801
- company_name: Meta Platforms, Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326801/000132680122000116/0001326801-22-000116-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326801/000132680122000116/meta-20221109.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001326801-22-000116
- JSON: https://secwatch.observer/filing/0001326801-22-000116.json
- Plain text: https://secwatch.observer/filing/0001326801-22-000116.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.