Earlier this week, Meta Platforms (META) announced plans for layoffs to come while Microsoft (MSFT) began offering voluntary buyout package to its employees. This all comes as both companies continue to raise their spending on AI.

As the company envisions smaller teams and supersmart agents, some employees are wondering how they fit in.

Inside Meta, employees are bracing for weeks of limbo as they wait to find out who's cut.

Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) plans to lay off approximately 10% of its workforce, affecting about 8,000 employees, according to a company memo sent on Thursday. The layoffs are scheduled to begin on May 20.

Polymarket bettors lifted 2026 tech layoff odds to 84% after Meta confirmed an 8,000-person cut and installed workflow-tracking software on US employees.

Meta plans to lay off 8,000 employees in its first wave of cuts on May 20, with more expected later this year, Reuters is reporting.

Iran war . With the Iran war approaching the eight-week mark, President Donald Trump declined on Thursday to give a timeline for resolving the conflict, telling reporters

Meta Platforms is planning to reduce its workforce by roughly 10 per cent, affecting around 8,000 employees, as it accelerates investment in artificial intelligence. The layoffs are set to begin on 20 May and will coincide with the cancellation of hiring for around 6,