# Meta Platforms and Microsoft both announced plans to cut thousands of staff.

*business · news · 2026-04-23 · The Sunday Times*

## Key points

- Meta is laying off 10 percent of its workforce, approximately 8,000 employees, on May 20.
- Meta is planning record capital expenditures of up to $135 billion in 2024 to pursue AI superintelligence.
- Microsoft is offering voluntary redundancy to about 8,750 US employees, the first such move for the company.
- Microsoft's voluntary redundancy targets staff whose age plus years of service totals 70 or more.
- Microsoft will stop requiring managers to link stock awards directly to cash bonuses in annual employee rewards.

**Companies:** Meta Platforms, Microsoft
**Countries:** United States

[Read the full story on The Sunday Times](https://www.thetimes.com/us/business-us/article/meta-announces-job-cuts-as-tech-giants-battle-for-ai-supremacy-57bh7bvvc)

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