Microsoft and Meta Announce Major Job Reductions as Tech Industry Shifts to AI
Microsoft and Meta have announced significant job cuts, with Meta planning to reduce 10% of its workforce (~8,000 roles) and Microsoft offering voluntary buyouts to 8,750 US employees. These reductions are part of a broader industry trend as companies reallocate resources toward AI infrastructure, leading to over 92,000 tech layoffs in 2026.
Topics: AI Layoffs Meta Microsoft Tech Industry