business / news / / Santa Ana Orange County Register
Meta Platforms and Microsoft are planning cuts or announcing buyouts that could affect as many as 23,000 jobs.
Meta is cutting approximately 8,000 employees, or 10% of its workforce, starting May 20.
KEY POINTS
- Meta will not fill 6,000 open roles, further reducing future staffing beyond immediate layoffs.
- Microsoft is offering voluntary buyouts to around 8,750 US employees, its largest such program ever.
- Eligibility for Microsoft's buyouts requires years of service plus age to total at least 70.
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