Meta (META) on Thursday became the latest Big Tech company to announce layoffs as the ballooning costs of the AI build-out and efficiencies continue to hit workers in the industry.
The company says it will cut 10% of its workforce, or about 8,000 employees.
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Microsoft (MSFT) will also offer voluntary buyouts to some employees as the company joins many of its Big Tech peers in seeking ways to control costs amid their AI spending sprees.According to a source familiar with the matter, roughly 7% of Microsoft’s US employees, senior directors or below, can take part in the buyouts if their years at the company plus their age add up to at least 70.
“Our employees are our greatest asset”
At the first sign of trouble they get shoved out the airlock faster than Moltie Watchmakers.
h/t buddygonzo