Breaking News: Meta and Microsoft Announce Job Cuts
Meta Platforms Inc. will lay off approximately 8,000 workers, representing about 10% of its workforce. The company stated that the layoffs are aimed at improving efficiency and reallocating resources to artificial intelligence investments. Meta also plans to leave around 6,000 positions unfilled.
On the same day, Microsoft announced it will offer voluntary buyouts to about 8,750 employees, or 7% of its U.S. workforce. The buyout offers are set to begin in early May. This move is seen as a response to ongoing industry changes, including significant investments in artificial intelligence.
Meta has warned investors that its expenses for 2026 are expected to rise sharply, reaching between $162 billion and $169 billion. The increase is linked to infrastructure costs and salaries for newly hired AI specialists. The company recently broke ground on a $1 billion AI-optimized data center in Tulsa, Oklahoma.
Both companies saw declines in their stock prices on Thursday, with Meta down 2.3% and Microsoft down 3.97%.
