Meta Announces Major Layoffs

(AP) – In the latest round of tech industry job cuts, Meta is laying off about 8,000 workers and Microsoft is offering buyouts to a similar number. Meta confirmed Thursday it plans to cut about 10% of its workforce in an effort to invest in other parts of its business and for efficiency, as first reported by Bloomberg. Microsoft is taking a different approach by offering voluntary buyouts to thousands of its U.S. employees.