Meta announces 8,000 layoffs, Microsoft offers buyouts to 8,750 as AI spending reshapes tech sector
AI summaryMeta is cutting about 8,000 jobs, or 10% of its workforce, while Microsoft is offering voluntary buyouts to roughly 8,750 US employees. Both moves come as the companies pour billions into AI infrastructure, and more than 92,000 tech workers have lost jobs so far in 2026.