Two big names in tech today with major job cuts as they were ramping up their investments in AI. Meta confirming to NBC News it will lay off around 10% of the company next month and close 6,000 open roles. And Microsoft, according to multiple reports, for the first time ever, will offer voluntary buyouts to as much as 7% of its US employees. ...

🚨 LATEST: Meta and Microsoft are cutting thousands of jobs as both companies ramp up AI spending.Meta trims 10% of staff and Microsoft offers voluntary retirement to 7% of its workforce. https://t.co/rdOG8BjbTD ...

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Social media giant Meta is redirecting resources toward AI as CEO Mark Zuckerberg predicts the tech will continue to revolutionize work. https://t.co/bjwzhDmg6Z ...

JUST IN: Meta announced Thursday it’s laying off ~8,000 employees, roughly 10% of its workforce.The cuts are framed as an efficiency push, freeing up resources to invest in AI. https://t.co/9XRZiaEENq ...

Meta said on Thursday it plans to lay off roughly 10% of its workforce, or about 8,000 people, the latest in a string of tech industry layoffs fueled in part by artificial intelligence. https://t.co/pltv7IYROy https://t.co/XF5IKtw246 ...

🚨 LATEST: Meta Platforms plans to cut ~10% of its workforce, or about 8,000 jobs, on May 20 as it pushes for efficiency while ramping up AI investment. https://t.co/RHW2cOiuqt ...

META CONFIRMS 10% JOB CUTS ON MAY 20 AND WILL LEAVE 6,000 OPEN ROLES UNFILLED@Meta told staff in a memo that it will cut approximately 8,000 jobs, or 10% of its workforce, on May 20 as part of a push to offset heavy AI spending, per Bloomberg. The company will also leave 6,000 open roles unfilled that it had previously planned to hire for.Combined, Meta is removing nearly 14,000 positions from its planned headcount, about 18% of its roughly 79,000 global workforce. The layoffs will be Meta's largest since t ...

What do you make of this decision. You and I were just talking about the increased levels of CapEx spending that all of these hyperscalers are embroiled in. What does this mean for MARTA.Yeah, you guys summed it perfectly, prioritizing the spending of infrastructure over the spending of headcount. And, you know, this has been reported, right. So what you see in the stock might be a little bit of a sell.The news kind of reaction, the moment the headlines here, we were down two and a half percent. That was an ...

Meta plans to cut 10% of workers, or roughly 8,000 employees, in an effort to boost efficiency and offset its heavy spending on artificial intelligence. https://t.co/Frab4VYE5N ...