---
schema_version: "secwatch.filing_event.v1"
accession: "0001326801-23-000035"
form_type: "8-K"
ticker: "META"
cik: "0001326801"
company_name: "Meta Platforms, Inc."
filed_at: "2023-03-14T23:59:59+00:00"
generated_at: "2026-06-18T02:56:17.754842+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Meta to cut 10,000 jobs, close 5,000 roles; lowers 2023 expense outlook to $86-92B

## Summary
- Reducing team size by ~10,000 people and closing 5,000 open roles, following 13% layoff in 2022.
- Full-year 2023 total expense outlook lowered to $86-92B from $89-95B, including $3-5B restructuring costs.
- Tech group layoffs expected late April; business group layoffs in late May, per CEO Mark Zuckerberg.
- Cites difficult economic reality, higher interest rates and geopolitical instability as headwinds.

## SEC filing metadata
- accession: 0001326801-23-000035
- form_type: 8-K
- ticker: META
- cik: 0001326801
- company_name: Meta Platforms, Inc.
- filed_at: 2023-03-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326801/000132680123000035/0001326801-23-000035-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326801/000132680123000035/meta-20230314.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001326801-23-000035
- JSON: https://secwatch.observer/filing/0001326801-23-000035.json
- Plain text: https://secwatch.observer/filing/0001326801-23-000035.txt

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