"Meta's CEO, Mark Zuckerberg, stated that AI is making some hiring unnecessary, noting that projects that once required large teams can now be completed by a single talented individual."
"Meta's chief people officer, Janelle Gale, mentioned that the layoffs would help offset other investments, emphasizing the generous severance package for those affected."
"Microsoft announced it would offer voluntary buyouts to employees whose age and years at the company total 70 or more, with over 8,000 qualifying."
"In July 2025, Microsoft projected spending around $100 billion on AI infrastructure, with analysts now estimating that figure to be $110 billion."
Meta plans to cut about 10% of its workforce, nearly 8,000 employees, to improve efficiency and close 6,000 open roles. Microsoft will offer voluntary retirement to about 7% of its workforce, approximately 8,750 employees. Meta's CEO, Mark Zuckerberg, indicated that AI is reducing the need for large teams, with significant investments planned for AI infrastructure. Microsoft also forecasts spending $110 billion on AI in the upcoming fiscal year. Both companies are making these workforce adjustments to align with their AI strategies.
Read at www.theguardian.com
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