Investing.com -- Meta Platforms is set to begin laying off approximately 8,000 employees this week, representing about 10% of its workforce, according to a CNBC report Monday. The company also canceled plans to fill 6,000 open positions.

The reductions, scheduled to start Wednesday, mark a shift in tone from the company's previous layoffs in late 2022 and early 2023, when CEO Mark Zuckerberg acknowledged he "got this wrong" after cutting 21,000 positions during what he called Meta's "year of efficiency."

This time, Meta reportedly told employees the cuts are "all part of our continued effort to run the company more efficiently and to allow us to offset the other investments we're making."

The company has already reduced its workforce by about 1,000 employees in January through cuts in its Reality Labs unit, followed by additional reductions in March affecting hundreds more workers. Meta also moved away from using third-party vendors and contractors for content moderation tasks.

The job cuts come as Meta increases its artificial intelligence spending. Last month, the company raised its 2026 capital expenditure guidance by as much as $10 billion, bringing the total to as high as $145 billion.

Current and former Meta employees told CNBC that more layoffs are expected this year, including potential rounds in August and later in 2026.

Finance chief Susan Li said during the first-quarter earnings call that executives "don't really know what the optimal size of the company will be in the future." On AI investments, Li said, "our experience so far has been that we have continued to underestimate our compute needs even as we have been ramping capacity significantly as the advances in AI have continued and our teams continue to identify compelling new projects and initiatives."

So far in 2026, nearly 110,000 layoffs have occurred at 137 tech companies, according to Layoffs.fyi, compared to roughly 125,000 cuts throughout 2025.