business / news / / The Associated Press
Meta is laying off about 8,000 workers, or about 10% of its workforce.
Meta is laying off 8,000 workers to redirect resources toward AI infrastructure and expert hires.
KEY POINTS
- Meta expects its 2026 expenses to reach up to $169 billion, largely due to AI investments.
- Microsoft is offering voluntary buyouts to 8,750 U.S. employees, about 7% of its workforce.
- Both companies' workforce reductions are directly connected to increased AI infrastructure and compensation costs.
COMPANIES
Summarized by Newsio from The Associated Press. How we summarize →