Meta said it's cutting 10% of its workforce, just as Microsoft announced that it's offering employee buyouts for the first time in its 51-year history.
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The more than 20,000 potential job cuts Meta
and Microsoft
revealed on Thursday, months after Amazon
announced its most widespread layoffs ever, may only be the beginning.
Meta said it would cut 10% of it employees while Microsoft will offer voluntary retirement to about 7% of workers
Meta will lay off 8,000 workers while Microsoft is offering buyouts to 8,750 people, a first for the Windows maker.
The cuts, which employees had been expecting for weeks, will be Meta's largest layoff since 2023.
Meta has announced significant layoffs as it appears to reaffirm its commitment to investment in the AI space.
Meta will lay off 10% of its workforce, equating to about 8,000 employees, as it continues investing heavily into artificial…
Sources tell Reuters layoffs could affect 20% or more of company as plans reflect broader tensions within big tech
Microsoft and Meta announce sweeping layoffs as they spend big on AI
Meta lines up layoffs while Microsoft offers buyouts
Meta says it will cut 8,000 jobs as AI spending soars
Meta to lay off 10pc of its workforce amid AI push
Meta to lay off 10% of workforce in AI push - UPI.com
