By Kurt Wagner,Brody Ford,Bloomberg
Publication Date: 2026-04-23 19:30:00
Meta Platforms Inc. and Microsoft Corp. have both taken drastic actions to trim their workforces in an effort to streamline their operations and offset heavy spending on artificial intelligence.
Meta told personnel in an internal memo on Thursday that it planned to cut 10% of workers, or roughly 8,000 employees, starting on May 20. The social-media company also said it wouldn’t fill 6,000 open roles.
Earlier in the day, Microsoft issued its own memo offering voluntary buyouts to thousands of its US employees. About 7% of the US workforce will be eligible for the buyouts, according to a person familiar with the planning. The company has never previously done buyouts of this scale, said the person, who requested anonymity to discuss an internal matter.
Microsoft had 125,000 employees in the US as of June 2025. That would make about 8,750 workers eligible for the program.
Big tech companies have been looking for ways to trim their expenses as they pour billions into…
