business / news / / India Today
Meta, Oracle, and Microsoft together have impacted around 46,750 employees through layoffs and buyout offers.
Meta is investing $135 billion in AI this year, matching its past three years' AI spending combined.
KEY POINTS
- Meta's upcoming layoffs of 8,000 jobs are its largest since 2023 and include canceling thousands of open positions.
- Oracle's layoffs may have reached 30,000, disproportionately affecting high-level contributors and managers with stock options.
- Microsoft is offering its first-ever US voluntary buyout program, targeting 8,750 employees for exit with pay.
COMPANIES
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