Microsoft and Meta announce large staff reductions as they spend big on AI

Meta slashes 10% of workforce

Meta informed staff this week that it will cut 10 percent of workers as it invests billions into artificial intelligence products.

Rishi Sunak issues grave jobs warning as Meta cuts 8,000 roles and Microsoft axes 8,750

Two of the world’s largest technology companies have announced sweeping workforce reductions as artificial intelligence (AI) investment continues to reshape the sector

Meta slashes 10 percent of workforce

Meta informed staff this week it will cut 10 percent of workers as it invests billions into artificial intelligence products. The memo, sent Thursday by Meta Chief People Office Janelle Gale, said the cut will take place on May 20, and 6,000 open roles will be closed. The memo was published by Bloomberg, and the...

Meta to Axe 8,000 Workers Amid AI Drive

Meta circulated a memo to staff yesterday (Thursday) informing them that the company plans to lay off 10 percent of its workforce in May. That's roughly 8,000 jobs. On top of that, Meta says it will not fill the thousands of jobs it was advertising for.

Meta, Microsoft plan cuts, buyouts that could affect 23,000 jobs

Meta Platforms Inc. and Microsoft Corp. are planning cuts or announcing buyouts that could affect as many as 23,000 jobs, part of an effort to streamline operations and offset heavy spending on artificial intelligence.