Boston.com | Meta slashes 8,000 jobs, or 10 percent of its workforce, as Microsoft offers buyouts by Associated Press
AI generated summary, Read the full article for complete information.
Meta announced it is cutting about 8,000 jobs—roughly 10 % of its workforce—to improve efficiency and free up capital for new investments, particularly in artificial‑intelligence infrastructure and high‑pay AI‑expert hires, as its 2026 expenses are projected to rise to $162‑$169 billion. The layoffs come as the company also leaves roughly 6,000 positions unfilled. At the same time, Microsoft disclosed plans to offer voluntary buyouts to around 8,750 U.S. employees (about 7 % of its U.S. staff) in early May, a move aimed at curbing costs amid massive spending on data centers, cloud services, and AI tools like Copilot. Analysts see Meta’s cuts as part of a broader shift toward using AI to automate tasks and streamline operations while maintaining productivity.
#Meta #Microsoft #AmyColeman #technology #DanIves
AI generated summary, Read the full article for complete information.


