AI blow cuts thousands of jobs!

Meta and Microsoft are reducing their workforce by thousands as they increase investments in artificial intelligence. Meta announced that it will cut nearly 10% of its workforce, affecting around 8,000 employees, and also close about 6,000 open positions. Meanwhile, Microsoft revealed plans to offer voluntary retirement to about 7% of its U.S. workforce as part of its restructuring efforts.

These decisions are closely tied to the rapid growth of AI capabilities. Meta CEO Mark Zuckerberg highlighted that AI is now capable of handling tasks that previously required large teams, allowing companies to operate more efficiently. Microsoft CEO Satya Nadella also stated that AI is already contributing significantly, handling nearly 30% of the company’s coding work, with expectations of further growth.

The job cuts have raised concerns among employees about the future of work. Reports suggest that companies are even using employee activity data to train AI systems. Along with Meta and Microsoft, other major firms like Amazon and Oracle have also reduced their workforce while increasing AI spending, indicating a broader shift in the tech industry.