"Meta's chief people officer, Janelle Gale, stated, 'We're doing this as part of our continued effort to run the company more efficiently and to allow us to offset the other investments we're making.' This reflects the company's strategy to manage costs while investing in AI."
"Microsoft has never previously offered buyouts of this scale, with about 7% of its US workforce eligible for the program. This move indicates a significant shift in their approach to workforce management amid rising AI-related expenses."
Meta Platforms Inc. plans to cut 10% of its workforce, approximately 8,000 employees, starting May 20, and will not fill 6,000 open roles. Microsoft is offering voluntary buyouts to about 7% of its US workforce, making around 8,750 employees eligible. Both companies are reducing expenses while investing billions in data centers and AI infrastructure. Meta's chief people officer stated that layoffs are part of efforts to run the company more efficiently and offset investments in AI.
Read at Fortune
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