The Capex Cut
On Thursday, April 23, Meta cut 8,000 jobs and Microsoft offered buyouts to roughly 8,750 more. Both cited AI. Neither was losing money. Microsoft's program is the [first voluntary buyout in its 51-y
The Capex Cut
On Thursday, April 23, Meta cut 8,000 jobs and Microsoft offered buyouts to roughly 8,750 more. Both cited AI. Neither was losing money. Microsoft’s program is the first voluntary buyout in its 51-year history, eligibility set by a “rule of 70” — age plus tenure must reach seventy, capped at senior director level, with notifications going out May 7. Meta’s chief people officer Janelle Gale told staff in a memo obtained by Bloomberg that the cuts are “to offset the other investments we’re making.” Severance is 16 weeks plus two per year of service; effective date May 20. The company is also closing 6,000 unfilled roles, removing 14,000 headcount positions from its 2026 plan.






