Big Tech’s 20K Job Shock

- Meta and Microsoft announced large workforce reductions and buyouts this week, part of a broader set of cost moves tied to AI spending shifts across both firms. - Reporting aggregates the two firms’ actions to roughly 20,000 roles affected, with Meta expected to cut about 8,000 employees by the end of May. - Coverage frames the cuts as payroll being converted into AI capital expenditure, and employees are bracing for weeks of uncertainty as reorganisations unfold. (cnbc.com) (thenextweb.com)