The software megacap has ramped up spending on AI in recent years to compete with its peers.

The software megacap has ramped up spending on AI in recent years to compete with its peers.

Microsoft's inaugural voluntary buyouts will be open to workers at the senior director level and below whose years of employment and age add up to 70 or more.

If a worker's years of service at Microsoft plus their age equals 70 or more, they will be eligible for a voluntary retirement buyout.

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.

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.