Meta's Planned Layoffs Influence Polymarket Predictions

Polymarket's prediction market, "Tech Layoffs Up or Down in 2026?", saw a significant increase to 85% YES on Wednesday. According to NS3.AI, this surge follows reports that Meta intends to reduce its workforce by approximately 8,000 employees. The initial phase of these layoffs is scheduled for May 20. Additionally, Meta's AI capital expenditure guidance for 2026 is projected to be between $115 billion and $135 billion.