Market
Microsoft and Meta to cut thousands of jobs
ZivFin AnalysisApr 24, 2026
Microsoft and Meta, the company behind Instagram and WhatsApp, are planning to cut big chucks from their respective workforces as spending on artificial intelligence (AI) finds a new high gear. Meta said it was laying off about 8,000 workers, or about 10% of its workforce, in a bid to make efficiency savings as it ramps up investment. Meta had previously told investors that spending would top $160bn during 2026 - up from just shy of $120bn last year.
