The Guardian Australia
·general
·2 hours ago
Microsoft and Meta announce sweeping layoffs as they spend big on AI
Meta and Microsoft announced significant layoffs on May 20, with Meta cutting about 8,000 jobs and Microsoft offering voluntary retirement to 7% of its workforce. These moves are part of both companies' strategies to invest heavily in AI, with analysts projecting Microsoft will spend up to $120 billion on AI infrastructure.
Summary by Glance · The Guardian Australia
Newer
Next
Loving doing this? 🎉
Take it further — get the full app and never miss a moment of what's happening in Australia.
Breaking news alerts
Instant lock-screen notifications the moment big stories break across Australia.
Australian news & events
Politics, sport, weather, local events — all in one swipeable feed, updated around the clock.
Stay ahead of the news cycle
30-second summaries so you're always informed, even on your busiest days.
Loading article…
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
✨
Ask AI