business / news / / Fortune
Meta told personnel in an internal memo on Thursday that it planned to cut 10% of workers.
Meta will cut 10% of its workforce, around 8,000 employees, starting May 20.
KEY POINTS
- Meta will leave 6,000 job openings unfilled instead of hiring new staff.
- Microsoft is offering voluntary buyouts to about 7% of its US employees for the first time at this scale.
- Microsoft’s buyouts target employees whose age plus service years equal 70 or more, excluding certain senior and sales roles.
- Both companies cite increased investment in AI infrastructure as a driver behind these workforce reductions.
COMPANIES
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