Meta lines up layoffs while Microsoft offers buyouts

Meta is laying off about 10 percent of its workforce, approximately 8,000 workers, to allow new investments in its business and for efficiency. The company is also leaving about 6,000 jobs unfilled. Meanwhile, Microsoft is offering voluntary buyouts to about 7 percent of its US workforce, approximately 8,750 people, to streamline operations and reduce costs. This move is part of the industry's shift towards artificial intelligence, requiring significant spending on infrastructure and employee compensation.