Meta and Microsoft have announced job cuts as they shift focus toward artificial intelligence and restructuring. Meta plans to reduce about 8,000 jobs, around 10% of its workforce, while also closing several unfilled roles to improve efficiency.
Microsoft is offering voluntary buyouts to nearly 7% of its US employees as part of internal restructuring, mainly targeting senior staff. Both companies are increasing spending on AI infrastructure, data centres and new technologies.
The decision reflects a wider trend in Big Tech, where firms are cutting costs while aggressively investing in AI development.