Meta, Microsoft look to trim workforces amid heavy AI spending
Meta and Microsoft are reducing their workforces to offset massive investments in artificial intelligence infrastructure, with Meta planning to cut 10% of its employees and leave 6,000 roles unfilled, while Microsoft offers voluntary buyouts to thousands of US-based staff. Meta's cuts affect around 8,000 workers starting May 20, following internal leaks and employee concerns. Microsoft's buyout eligibility targets employees whose age plus years of service equal 70 or more, excluding certain senior and sales roles. Both companies aim to streamline operations amid record spending on data centers and AI development.
Opening excerpt (first ~120 words) tap to expand
Meta Platforms Inc. and Microsoft Corp. have both taken drastic actions to trim their workforces in an effort to streamline their operations and offset heavy spending on artificial intelligence. Recommended Video Meta told personnel in an internal memo on Thursday that it planned to cut 10% of workers, or roughly 8,000 employees, starting on May 20. The social-media company also said it wouldn’t fill 6,000 open roles. Earlier in the day, Microsoft issued its own memo offering voluntary buyouts to thousands of its US employees. About 7% of the US workforce will be eligible for the buyouts, according to a person familiar with the planning. The company has never previously done buyouts of this scale, said the person, who requested anonymity to discuss an internal matter.
…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.
Discussion
0 commentsMore from Fortune
