"Microsoft is expected to offer buyouts to 7% of its U.S. workforce by the end of June, allowing employees to resign voluntarily with financial incentives. This approach helps avoid forced layoffs while still reducing workforce size and operational costs."
"Meta announced it will lay off about 8,000 employees, roughly 10% of its workforce, on May 20, alongside not filling an additional 6,000 open roles. This move is part of a strategy to boost efficiency amid heavy spending on artificial intelligence."
April is witnessing substantial job cuts in the technology sector. Microsoft plans to offer buyouts to 7% of its U.S. workforce, allowing employees to resign voluntarily with financial incentives. This strategy aims to reduce labor costs to fund AI infrastructure. In contrast, Meta will lay off about 8,000 employees, approximately 10% of its workforce, without offering buyouts. This decision follows a $135 billion investment in AI initiatives, with job cuts intended to enhance efficiency and manage heavy expenditures on AI development.
Read at Fast Company
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