Meta to cut 8,000 jobs, Microsoft offers buyouts to to staff as AI spending costs hit Big Tech workers

Meta (META) on Thursday became the latest Big Tech company to announce layoffs as the ballooning costs of the AI build-out and efficiencies continue to hit workers in the industry.

The news comes after a trickle of reports suggested the company was planning a sweeping wave of job cuts this spring.

Microsoft (MSFT) will also offer voluntary buyouts to some employees as the company joins many of its Big Tech peers in seeking ways to control costs amid their AI spending sprees.

According to a source familiar with the matter, roughly 7% of Microsoft’s US employees, senior directors or below, can take part in the buyouts if their years at the company plus their age add up to at least 70.

This program will mark a first for Microsoft, which…