Meta and Microsoft slash workforces

The technology sector is facing a new wave of restructuring as Meta Platforms prepares to cut 8,000 jobs in a major efficiency drive.

This 10% reduction in staff is designed to offset the company's ballooning capital expenditures on artificial intelligence data centers and hardware.

Microsoft is following a similar path, introducing its first voluntary buyout program for longtime employees as it reorganizes around AI priorities.

These moves reflect a broader industry shift where traditional roles are being eliminated to fund the high-cost race for generative AI supremacy.