The world’s two largest tech giants, Meta Platforms And Microsoftare once again preparing for big changes. This change is going to have a direct impact on thousands of families. In the race to get ahead in the race of Artificial Intelligence (AI) and to reduce their expenses, these companies are now going to reduce the number of employees on a large scale. According to the latest reports, due to these decisions almost 23,000 jobs Are in danger. While Mark Zuckerberg’s company Meta is directly carrying out layoffs, Microsoft has ‘offered’ its employees to leave their jobs.
Retrenchment phase will start again in Meta, 8000 employees will be out
Meta (parent company of Facebook) has once again shocked its employees. An internal memo of the company has revealed that out of its total workforce, Meta 10% share reduction Going to do. This means that approximately 8,000 employees He may have to lose his job. This process this month 20th May Is going to start from. Not only this, the company has also decided to eliminate 6,000 vacant posts, which will no longer be filled. Meta says that they want to make the company more ‘fast and efficient’ than before.
Microsoft’s big bet: Leave the job on your own free will, not by force
Microsoft has chosen a different path for layoffs. The company has announced for its American employees ‘Voluntary Buyout Program’ (Voluntary Buyout Program) has been introduced. According to the report, Microsoft has about 1.25 lakh employees in America, out of which approximately 7% i.e. 8,750 people Can come under the scope of this offer. This is considered to be the biggest buyout move in the history of Microsoft, the purpose of which is to reduce the workforce without any bitterness.
Why are companies taking these steps?
The biggest reason behind these big decisions Artificial Intelligence (AI) Is. Both the companies are investing billions of dollars to establish their dominance in the AI sector. Microsoft is building new data centers around the world and has announced huge investments in countries like Japan and Australia. At the same time, Meta is also planning to spend record this year. Experts say that companies now want more efficiency at less cost. In such a situation, the sword of retrenchment may also hang on other employees of the tech sector in the coming days.
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