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Meta is cutting 8,000 jobs (10% of staff) and cancelling 6,000 open roles.
Meta is cutting 8,000 jobs and cancelling 6,000 open roles to fund $115–135B AI CapEx.
KEY POINTS
- Microsoft introduced its first-ever retirement programme, targeting 8,750 US employees under the 'Rule of 70.'
- Meta awarded top executives up to $921 million in options while reducing rank-and-file equity compensation.
- Over 96,000 tech jobs have been eliminated in 2026, a 40% increase over 2025's pace.
- Companies explicitly link layoffs to AI investment, but few show concrete AI systems replacing lost roles.
COMPANIES
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