Meta Announces 8,000 Job Cuts, Microsoft Offers Buyouts Amid AI Spending Pressures
Meta (META) announced the layoff of 8,000 employees, or 10% of its workforce, as AI spending costs continue to impact Big Tech. Microsoft (MSFT) is offering voluntary buyouts to some employees as part of cost-control measures. The trend reflects broader industry challenges as major tech firms invest heavily in AI infrastructure.
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Topics: AI spending Big Tech Cost-cutting Layoffs Meta Microsoft