Meta to cut workforce by ten per cent as artificial intelligence spending surges
Meta outlined plans to cut about 8,000 jobs on Thursday as it invests deeper into artificial intelligence.
The move comes as part of a broader tech-sector shift towards cost control, with Microsoft also weighing voluntary buyouts ahead of next week’s earnings reports.
Meta and Microsoft announce mass layoffs
- Thousands of jobs to be cut at tech giants Meta and Microsoft The Standard —
- Meta reportedly cuts 10% of workforce affecting 8,000 employees GamesIndustry.biz —
- Meta to cut 8,000 jobs as AI spending soars City AM —
- Meta to cut 10% of global workforce to offset AI spending Irish Times —
- Microsoft and Meta to cut thousands of jobs Sky News —