Meta cuts 8,000 jobs and Microsoft offers first-ever buyouts as Big Tech converts payroll into AI capital expenditure

Summary: Meta and Microsoft announced workforce reductions on the same day, April 23, affecting up to 23,000 positions combined. Meta is cutting 8,000 jobs (10% of staff) and cancelling 6,000 open roles effective May 20, while Microsoft launched its first-ever voluntary retirement programme offering buyouts to up to 8,750 US employees whose age plus years […] This story continues at The Next Web