Meta is firing 8,000 people. Microsoft is paying 8,750 to leave. Both are spending the savings on AI.

The Next Web
Read full post
Meta announced layoffs affecting 8,000 employees while Microsoft is offering voluntary buyouts to 8,750 staff. Both companies plan to redirect the resulting cost savings towards investments in artificial intelligence.

More on this story


More in Business & Enterprise

Apple’s first foldable is the iPhone Duo, and it costs $1,999

Covered by 6 sources

Universal Music is launching an AI music platform with ElevenLabs

Covered by 4 sources

Google Pledges Over $15 Billion for AI Infrastructure in Finland

Covered by 3 sources