Meta slashes 8,000 jobs, or 10% of its workforce, as Microsoft offers buyouts
Meta is laying off 8,000 workers, or 10% of its workforce, for the sake of efficiency and new investments. Microsoft is offering voluntary buyouts to 8,750 U.S. employees, or 7% of its U.S. workforce, in early May.
Meta is laying off about 8,000 workers, or 10% of its workforce. The company said it is making the cuts for efficiency and to allow new investments. Microsoft is offering voluntary buyouts to about 8,750 U.S. employees, or 7% of its U.S. workforce, in early May. Microsoft, based in Redmond, Washington, has spent billions on data centers for cloud computing and AI systems. The offers are an alternative to sudden layoffs seen at other tech companies like Meta and Oracle.
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