Meta, Microsoft purge jobs amid AI build-up
Key takeaways
- 's parent company said it would slash 10% of its workforce, while Microsoft is offering an early retirement scheme.
- Also on Thursday, US media reported that tech giant Microsoft was planning to offer voluntary early retirement buyouts for around 8.700 workers, or about 7% of its workforce.
- The job cuts come as both companies increase spending on developing AI applications.
Why this matters: an international story with cross-border implications worth tracking.
's parent company said it would slash 10% of its workforce, while Microsoft is offering an early retirement scheme. The cuts come as both tech giants make massive investments in AI.
https://p.dw.com/p/5Ck6a Meta is increasing investment in infrastructure and AI experts Image: JOSH EDELSON/AFP/Getty Images Advertisement Social media giant Meta on Thursday announced plans to lay off about 8,000 employees, or about 10% of its workforce, as it seeks to scale up development of artificial intelligence (AI) applications.
The owner of social media platforms Facebookand Instagram, along with the messaging app Whatsapp, said in an internal memo that the first round of cuts is due on May 20. Along with the cuts, Meta said 6,000 further posts would be left unfilled.