Meta and Microsoft are planning job cuts and voluntary buyouts that could affect up to 23,000 roles combined. The restructuring is aimed at streamlining operations and reallocating resources toward artificial intelligence and cloud infrastructure investments. Both companies are prioritizing efficiency and reducing overlapping roles across engineering, product, and support functions. The workforce adjustments are part of broader tech industry cost-cutting measures driven by rising AI development expenses and changing enterprise demand.
Meta and Microsoft are planning job cuts and voluntary buyouts that could affect up to 23,000 roles combined. The restructuring is aimed at streamlining operations and reallocating resources toward artificial intelligence and cloud infrastructure investments. Both companies are prioritizing efficiency and reducing overlapping roles across engineering, product, and support functions. The workforce adjustments are part of broader tech industry cost-cutting measures driven by rising AI development expenses and changing enterprise demand.