Tech Giants Trim Workforce as AI Investments Bite Into Profits
Meta and Microsoft are making painful workforce adjustments as the high costs of AI development strain their finances. Meta plans to cut 8,000 jobs - about 10% of its workforce - while Microsoft offers voluntary buyouts to nearly 9,000 U.S. employees. The moves highlight how even industry leaders are struggling to balance massive AI investments with maintaining profitability in an increasingly competitive landscape.