Meta and Microsoft cut thousands

Meta and Microsoft have announced significant workforce reductions as they restructure their businesses to prioritize artificial intelligence development.

Meta is expected to lay off roughly 8,000 employees, representing 10% of its global staff, following a period of aggressive spending on AI infrastructure.

Microsoft is taking a different approach by offering voluntary retirement packages to over 8,500 U.S. employees, its first such program in over five decades.

These moves reflect a broader trend in the technology sector where companies are cutting costs in legacy divisions to fund the massive capital requirements of the AI arms race.