Microsoft and Meta announce sweeping layoffs as they spend big on AI [Yahoo! Finance]
Meta Platforms, Inc. - Class A (META)
Company Research
Source: Yahoo! Finance
Photograph: George Chan/Getty Images Meta and Microsoft are trimming their workforces by thousands as they make heavy investments in AI and executives claim that the technology is meeting their companies' productivity needs. Meta told staff on Thursday that on 20 May it would cut some 10% of its personnel just under 8,000 employees– to boost efficiency, part of a layoff plan made months ago . The company is also closing about 6,000 open roles. The same day, Microsoft announced to employees, for the first time, that it would offer voluntary retirement to about 7% of its American workforce of roughly 125,000. In an internal memo to Meta's staff, Janelle Gale, the chief people officer, didn't mention AI explicitly but said the cuts would allow the company to “offset the other investments we're making”. In Meta's fourth-quarter 2025 earnings presentation, the CEO, Mark Zuckerberg spoke about a “major AI acceleration” that included plans to spend between $115bn and $135bn on AI – ne
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META
News
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- China to Curb US Investment in Tech Companies After Meta Deal [Yahoo! Finance]Yahoo! Finance
- Meta says it will lay off 10% of its workforce starting in May [Yahoo! Finance]Yahoo! Finance
- Meta to ax 8,000 jobs as Zuckerberg doubles down on AI and white-collar bloodbath picks up [Yahoo! Finance]Yahoo! Finance
- Live Chats Are Now on Threads: Will They Drive META's User Engagement? [Yahoo! Finance]Yahoo! Finance
META
Earnings
- 1/28/26 - Beat
META
Sec Filings
- 4/22/26 - Form 4
- 4/21/26 - Form PX14A6G
- 4/20/26 - Form 144
- META's page on the SEC website