Mark Zuckerberg

Meta announced a companywide restructuring that would remove roughly 8,000 of 78,865 employees on May 20, after smaller cuts of 1,000 to 1,500 in Reality Labs in January and 700 in March, with thousands more redirected into new AI teams as capital spending on AI rose; reports of a 20 percent reduction were called speculative by the company.

Meta extended its Broadcom partnership through 2029 with an initial 1 GW deployment of MTIA and multiple gigawatts to follow, on what Broadcom said would be the first 2nm AI silicon. The same day Meta disclosed that Broadcom's CEO would not stand for re-election to its board after two years, moving to an advisory role on the chip program. Tan had told analysts in March that the MTIA roadmap was 'alive and well'.

Mark Zuckerberg told managers Meta would raise the bar on performance and move out roughly 5 percent of employees, about 3,600 of 72,000, in a February cut, with the company's headcount expected to be down 10 percent by the end of the performance cycle including attrition. It set the tone for a year in which performance-based cuts at Microsoft and others followed.

At Connect 2021 Mark Zuckerberg introduced Meta as a single company brand over the apps and hardware, and said the company's focus would be bringing the metaverse to life. The rename put the headset business, until then a division inside a social network, at the front of the company's stated purpose.