Global tech giants Meta Platforms and Microsoft are planning major workforce reductions that could affect up to 23,000 jobs, as both firms accelerate investments in artificial intelligence.

According to recent reports, the job cuts and buyout programmes are part of broader efforts to streamline operations and offset rising costs linked to AI development.

Meta to Lay Off Thousands

Meta is expected to cut around 10% of its workforce — nearly 8,000 employees — while also freezing approximately 6,000 open positions. The move is aimed at improving efficiency as the company ramps up spending on AI infrastructure and advanced technologies.

Microsoft Offers Large-Scale Buyouts

Meanwhile, Microsoft is offering voluntary buyouts to thousands of employees, with reports suggesting around 7% of its U.S. workforce could be affected. The strategy reflects a shift toward leaner operations as the company expands its AI capabilities.

AI Driving Industry-Wide Restructuring

Analysts say the cuts highlight a growing trend across the tech sector, where companies are reallocating resources from traditional roles to AI-driven innovation and automation.

With billions being poured into data centres, machine learning systems and next-generation AI tools, firms are increasingly prioritising efficiency and specialised talent over large workforces.

Concerns Over Future Jobs

The development has raised fresh concerns about the future of employment in the tech industry, as AI continues to reshape job roles and reduce reliance on manual and routine tasks.

Experts warn that while AI is unlocking new opportunities, it is also disrupting traditional job structures, forcing companies — and workers — to rapidly adapt.