Meta to lay off 10% of company, Microsoft offers buyouts

Meta Platforms is planning significant workforce reductions, aiming to cut approximately 10% of its global employees. This move signals a strategic shift within the social media giant as it navigates the current economic climate. The company has not yet provided specific details on the departments or regions most affected by these impending layoffs.

Meanwhile, Microsoft has announced a different approach to workforce adjustments, offering voluntary buyouts to a portion of its employees. This initiative allows individuals to opt for separation packages rather than facing mandatory dismissals.

These large-scale workforce changes at major tech companies like Meta and Microsoft indicate broader economic pressures and strategic realignments within the technology sector.