Big Tech trims staff, funds AI

- Meta announced cuts of roughly 8,000 jobs (about 10% of its workforce) and plans to leave roughly 6,000 roles unfilled while reallocating billions into AI efforts. - Microsoft is offering voluntary buyouts to some staff as part of a similar pattern of headcount discipline amid heavy AI spending at large firms. - Coverage links the layoffs and buyouts to a broader trend of shifting labour budgets into compute and AI projects. (abc7news.com) (cnbc.com)