ISTANBUL – Meta Platforms and Microsoft are cutting jobs and restructuring parts of their workforce as they ramp up investments in artificial intelligence, according to reports on Thursday.
Meta plans to lay off about 10 percent of its staff, or around 8,000 employees, and will also remove roughly 6,000 vacant positions, Bloomberg reported.
The company said the layoffs will start on May 20 as it works to improve efficiency while funding major AI projects, including chatbots and large language models.
CEO Mark Zuckerberg has been increasing spending on AI infrastructure and partnerships, with the company expecting record-high capital expenses this year.
Meta also said affected employees will receive severance packages and support.
Microsoft, on the other hand, is offering voluntary buyouts to as much as 7 percent of its US workforce, CNBC reported.
The program applies to senior director-level employees and below who meet eligibility requirements based on age and years of service.
Microsoft said the move is part of its effort to adjust to AI-driven changes and improve internal systems for pay and performance.
The company is also expanding investments in data centers to support its growing AI operations.
(Sourced online via Anadolu) ia/xf
