By Sky News
Publication Date: 2026-04-24 05:44:00
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.
Meta said it was laying off about 8,000 workers, or about 10% of its workforce, in a bid to make efficiency savings as it ramps up investment.
Around 6,000 job vacancies were also to be left unfilled, it confirmed.
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Meta had previously told investors that spending would top $160bn during 2026 – up from just shy of $120bn last year.
The company is competing with rivals to hire AI experts and, at the same time, is facing huge bills for data centres to power the technological development.
The announcement marks the continuation of a job cut trend across major US tech firms in recent years.
Microsoft said it was offering a voluntary redundancy programme, which the AP news agency reported would affect…
