SMH
·general
·2 hours ago
The AI effect: Meta slashes 8000 jobs, Microsoft set for redundancies
Meta announced layoffs of approximately 8000 workers, or 10 percent of its workforce, to enhance efficiency amid rising artificial intelligence spending. Microsoft will offer voluntary buyouts to about 8750 U.S. employees, representing 7 percent of its workforce. Both companies are adapting to industry changes requiring significant AI investment and resource allocation.
Summary by Glance · SMH
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