The Age
·general
·2 hours ago
The AI effect: Meta slashes 8000 jobs, Microsoft set for redundancies
Meta announced it will lay off about 8000 workers, roughly 10 percent of its workforce, to enhance efficiency amid rising AI investments. Microsoft will offer voluntary buyouts to about 8750 U.S. employees, approximately 7 percent of its U.S. workforce, as it adjusts to industry changes driven by significant AI-related costs. Both companies are streamlining operations significantly.
Summary by Glance · The Age
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