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.

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.

Meta is laying off about 8,000 workers, or about 10 per cent of its workforce, the company said Thursday as it continues to ramp up spending on artificial intelligence infrastructure and highly paid AI-expert hires.

Meta will cut 8,000 jobs and freeze 6,000 open roles, while Microsoft is offering buyouts to 7% of its U.S. workforce, marking its first such program. Both companies cite efficiency goals and rising AI investments as drivers, reflecting a broader tech ...

Facebook parent Meta is planning to lay off approximately 8,000 employees and eliminate another 6,000 open roles as it seeks to reduce costs.

While both technology giants are spending aggressively to own the artificial intelligence future, one arguably looks better positioned to thrive in today's rapidly evolving environment.