RT Business4/24/2026BusinessRussia
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
Quick Look
- 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.
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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.
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This article was originally published by RT Business.
