Microsoft and Meta to cut thousands of jobs

02:08am, Friday, 24'th Apr 2026
Microsoft and Meta, the company behind Instagram and WhatsApp, are planning to make significant cuts to their respective workforces as spending on artificial intelligence (AI) finds a new high gear.
As the company envisions smaller teams and supersmart agents, some employees are wondering how they fit in.
Companies such as Meta, Amazon, and Oracle have said they're trimming staff this year. Pinterest, for one, cited AI as a factor in its decision to shed less than 15% of its workforce.
Meta Account lets you manage and access all your Meta accounts from a single unified dashboard.
Meta plans to cut 10% of its workforce, or about 8,000 employees, and will not fill 6,000 open roles, Bloomberg reported Thursday (April 23), citing a memo the company sent to employees. The company w
As AI spending booms, Meta announces 8,000 layoffs while Microsoft offers voluntary retirement to thousands of employees amid tech reductions.
In the most recent trading session, Meta Platforms (META) closed at $659.15, indicating a -2.31% shift from the previous trading day.
The company adds a feature that will reveal what topics teens delve into with AI on Facebook, Instagram and WhatsApp.
Meta's latest workforce reduction comes as the company aims to spend up to $135 billion on AI this year
The app brings lots of live channels and on-demand to the VR world.
The Facebook parent disclosed the layoffs in a memo sent to staff Thursday.
The social media giant plans to cut its workforce. But this difficult move could be exactly what the market needs to see to buy into the company's heavy spending plans.
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Meta Platforms, Inc. plans to lay off about 10% of its workforce, or roughly 8,000 employees, as the social media giant looks to streamline operations and offset rising costs tied to its aggressive pu

Meta Will Lay Off 8,000 Employees in May: Memo

02:11pm, Thursday, 23'rd Apr 2026
The company said the 10% workforce cut is needed to run more efficiently and offset other investments. It will also cancel plans to hire for 6,000 open roles.
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