The Bad PlaceAl Jazeera – Breaking News, World News and Video from Al Jazeera | Meta lines up layoffs while Microsoft offers buyouts
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Meta announced it will cut roughly 8,000 jobs — about 10 % of its workforce — to free up resources for a massive boost in artificial‑intelligence infrastructure and high‑pay AI‑expert hires, while Microsoft disclosed it will extend voluntary buyout offers to about 8,750 U.S. employees, or 7 % of its domestic staff, as a parallel effort to trim costs amid the industry’s AI spending surge. Meta’s 2026 expenses are projected to rise sharply to $162‑$169 billion, driven by new data‑centre construction (including a $1 billion AI‑optimised facility in Tulsa) and elevated compensation for AI talent, and analysts view the layoffs as a move to streamline operations and improve efficiency. The news sent Meta’s shares down 2.3 % and Microsoft’s off nearly 4 % on the day of the announcements.
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