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Meta to cut 8,000 jobs, Microsoft reportedly offers buyouts to 7% of staff as AI spending costs hit Big Tech workers [Yahoo! Finance]
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The news comes after a trickle of reports suggested the company was planning a sweeping wave of job cuts this spring. Meta is cutting 10% of its workforce. October 28, 2021. REUTERS/Carlos Barria/File Photo · Reuters / REUTERS Microsoft ( MSFT ) will reportedly also offer voluntary buyouts to some employees, as the company joins many of its Big Tech peers in seeking ways to control costs amid their AI spending spree. According to CNBC, roughly 7% of Microsoft's US employees, senior directors or below, can take part in the buyouts if the time they've been at the company and their age add up to at least 70. FILE PHOTO: A view shows a Microsoft logo at Microsoft offices in Issy-les-Moulineaux near Paris, France, March 21, 2025. REUTERS/Gonzalo Fuentes/File Photo · REUTERS / REUTERS This program will mark a first for Microsoft, which also laid off thousands of workers in 2025. Microsoft's peers have made similar moves over the last year. Amazon ( AMZN ), Google ( GOOG GOOGL
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