Meta Employees Face '28 Days of Hell' Before 8,000 Layoffs Amid Tech Cuts Wave

Meta Platforms Inc workers are gripped by '28 days of hell' anxiety awaiting May 20 layoffs of ~8,000 jobs (10% of 78,000 staff) and closure of 6,000 open roles, announced April 23 to fund AI investments. The memo triggered a 2.36% share drop, fitting a 2026 tech purge including Amazon's 16,000, Oracle's 30,000 cuts, and Microsoft's 7% buyouts. Employee morale dips raise short-term risks, but cuts signal long-term efficiency gains amid sector restructuring.