By World Socialist Web Site
Publication Date: 2026-04-28 02:46:00
On Thursday, Facebook parent company Meta announced it will cut roughly 8,000 jobs, while Microsoft announced it is offering buyouts to about 7 percent of its US staff, or approximately 8,750 jobs. Together the announcements pushed 2026 totals in the tech sector to more than 92,000 jobs destroyed industrywide.
Meta’s internal memo, as reported by multiple outlets, said the company planned to reduce staff by 10 percent of its current 80,000 workforce beginning May 20 and would not fill about 6,000 vacant roles. A Meta spokesperson and company memo framed the cuts as a matter of “efficiency” and “offsetting the other investments we’re making,” a transparent reference to the company’s massive spending in artificial intelligence (AI).
BBC reported that Meta’s CEO Mark Zuckerberg had already signaled that “2026 will be the year when AI fundamentally transforms our work processes,” while Meta was simultaneously planning to spend $135 billion on…
