Meta to cut 8,000 jobs, leave 6,000 roles unfilled as Microsoft offers buyouts amid rising AI costs
Mint·2h ago·Neutral
What Happened
Meta Platforms is cutting approximately 8,000 jobs, representing 10% of its workforce, while leaving 6,000 roles unfilled as part of a restructuring. The company aims to increase efficiency and prioritize technical and engineering teams. The move accompanies Meta's significant increase in artificial intelligence infrastructure spending, with 2026 expenses projected between $162-169 billion. Meanwhile, Microsoft offers voluntary buyouts to 8,750 U.S. employees.
Key Entities
Meta PlatformsMicrosoftArtificial Intelligence8,000 jobs6,000 unfilled roles8,750 employees$162-169 billion