20,000 job cuts at Meta, Microsoft raise concern that AI-driven labor crisis is here

20,000 job cuts at Meta, Microsoft raise concern that AI-driven labor crisis is here

Summary

Meta said it's cutting 10% of its workforce, just as Microsoft announced that it's offering employee buyouts for the first time in its 51-year history.

Description

Meta said it's cutting 10% of its workforce, just as Microsoft announced that it's offering employee buyouts for the first time in its 51-year history.

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