Meta, Microsoft plan cuts, buyouts that may affect 23,000 jobs
Meta Platforms plans to cut 10% of its workforce, around 8,000 jobs, and not fill 6,000 open roles, while Microsoft is offering voluntary buyouts to around 7% of its US employees, potentially affecting 23,000 jobs across both companies.
Meta Platforms and Microsoft are planning significant workforce reductions. Meta will cut 10% of its workforce, approximately 8,000 jobs, starting May 20, and will not fill 6,000 open roles. Microsoft is offering voluntary buyouts to around 7% of its US employees, with about 8,750 workers eligible. The moves are part of an effort to streamline operations and offset heavy spending on artificial intelligence. Both companies have made significant investments in AI infrastructure, with Meta projecting record capital expenditures and Microsoft constructing data centres worldwide. The companies are scheduled to report quarterly earnings on April 29.
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