Meta, Microsoft to Cut Up to 10% of Staff Amid AI Investment Costs

Meta to lay off ~8,000 employees starting May 20; Microsoft offers voluntary redundancy to 7% of US workforce

meta microsoft layoffs

L'essentiel

Meta and Microsoft announce major workforce reductions as both tech giants invest heavily in AI infrastructure.
Meta plans to cut ~8,000 jobs starting May 20, while Microsoft offers voluntary redundancy to 7% of its US staff.
Both companies are spending billions on AI development, with Meta committing $115-135 billion and Microsoft $140 billion in capital expenditure for 2026.

Résumé généré par IA

Taille de police

Meta and Microsoft announce major workforce reductions as both tech giants invest heavily in AI infrastructure. Meta plans to cut ~8,000 jobs starting May 20, while Microsoft offers voluntary redundancy to 7% of its US staff. Both companies are spending billions on AI development, with Meta committing $115-135 billion and Microsoft $140 billion in capital expenditure for 2026.

Read the full article on RT Business

Sujets liés

Articles liés

Plus sur ce sujetmeta

Business·il y a 11 minutes

Porsche to Cut 9,400 Jobs by 2035 Amid Germany's Automotive Industry Struggles

Porsche will eliminate 9,400 jobs by 2035, primarily in Germany, due to soaring costs, declining competitiveness, and energy policy challenges, with remaining employees facing slower wage growth and stricter work policies.

RT Business

4 min de lecture

Business·il y a 9 heures

Russia's Retail Trade Turnover Increases by 7.3% Year-on-Year in June 2026

Russia's retail trade turnover grew 7.3% year-on-year to 5.77 trillion rubles ($72 billion) in June 2026, with non-food goods accounting for 53.2% of the total.

TASS

1 min de lecture

En développement·il y a 16 heures

Продолжающийся простой портов Большой Одессы обходится Украине в 70 миллионов долларов в день

Продолжающийся простой портов Большой Одессы приводит к значительным финансовым потерям для Украины, оцениваемым в 70 миллионов долларов в день по данным «Экономической правды».

Лента.ру

2 min de lecture

Business·il y a 22 heures

China's CXMT Surges to Become Mainland's Most Valuable Listed Company After Record IPO

ChangXin Memory Technologies (CXMT), China's largest memory-chip maker, debuted with a 466% share surge, raising $8.6 billion in Asia's largest 2024 IPO, achieving a $3.3 trillion market cap despite US export controls limiting its tech to one generation behind global leaders.

RT Business

2 min de lecture

Business·hier

EU Rolls Back Sanctions on Russian Sable Pelts Amid Member State Pressure

The EU has lifted sanctions on Russian sable pelts, easing import restrictions for luxury fur manufacturers, largely due to pressure from Italy and Greece, which rely heavily on Russian supplies. This move is part of a watered-down sanctions package reflecting growing disagreements among EU members over economic interests.

RT Business

3 min de lecture

Business·hier

Russia's Annual Inflation Reaches 5.94% as of July 27, 2026

Russia's annual inflation stood at 5.94% as of July 27, 2026, with a 0.04% weekly increase in consumer prices, marking a slowdown in growth rates across food, non-food, and services sectors.

TASS

1 min de lecture

Plus sur ce sujetmeta