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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 Canada]
Last microsoft corporation earnings: 4/29 04:06 pm
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US:NASDAQ Investor Relations: microsoft.com/en-us/investor
The news comes after a trickle of reports suggested the company was planning a sweeping wave of job cuts this spring. Microsoft ( ) 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. 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 ( ), Google ( ), Meta ( ), and Oracle ( ) have also laid off employees at various points. All four companies are also spending billions to construct data centers and develop AI models. Amazon, Google, Meta, and Microsoft alone will spend some $650 billion on capital expenditures in 2026. The layoffs also follow years of jo
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- Why Microsoft is offering its first voluntary employee buyout [Yahoo! Finance][Yahoo! Finance]
- Why Microsoft is offering its first voluntary employee buyout [Yahoo! Finance Canada][Yahoo! Finance Canada]
- Meta slashes 8,000 jobs, or 10% of its workforce, as Microsoft offers buyouts [Yahoo! Finance Canada][Yahoo! Finance Canada]
- Jim Cramer Reveals His Big U Turn on Microsoft (MSFT) [Yahoo! Finance][Yahoo! Finance]
- Meta slashes 8,000 jobs, or 10% of its workforce, as Microsoft offers buyouts [BNN Bloomberg (Canada)][BNN Bloomberg]
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