Meta lines up layoffs while Microsoft offers buyouts
Summary
Meta is cutting about 8,000 jobs, or 10% of its workers, to become more efficient and invest in artificial intelligence (AI). Meanwhile, Microsoft is offering voluntary buyouts to around 8,750 U.S. employees as part of changes linked to AI spending and company restructuring.Key Facts
- Meta will lay off 8,000 employees and leave about 6,000 job openings unfilled.
- The layoffs aim to improve efficiency and fund new investments, especially in AI.
- Meta plans to spend up to $169 billion by 2026 on infrastructure and employee pay, mostly for AI experts.
- Meta is building a new $1 billion AI-focused data center in Tulsa, Oklahoma.
- Microsoft is offering voluntary buyouts to 8,750 U.S. workers, about 7% of its U.S. staff.
- Both companies are adjusting workforce size amid big investments in AI technology.
- Meta’s stock fell 2.3%, and Microsoft’s stock dropped 3.97% after the announcements.
- Microsoft has a large network of data centers that support its cloud and AI services, including the AI assistant Copilot.
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