business / news / / CNBC
More than 20,000 jobs could be cut at Microsoft and Meta.
Meta plans to lay off 10% of its workforce and scrap 6,000 open roles in May 2026.
KEY POINTS
- Microsoft’s voluntary buyout program could impact up to 7% of its U.S. employees.
- Startups are achieving $50 million revenue milestones with teams as small as 50 people.
- A 2026 study shows AI adoption is sharply reducing hiring for entry-level and generalized IT roles.
- Oracle layoffs of up to 30,000 could generate $10 billion in extra free cash flow.
COMPANIES
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