Investing
Meta, Microsoft Cut Jobs as AI Investments Escalate
Meta plans to lay off 10% of its workforce, while Microsoft offers early retirement buyouts, both amid massive AI development spending.

Meta plans to lay off 10% of its workforce, while Microsoft offers early retirement buyouts, both amid massive AI development spending.

Meta's stock dropped 7% as investors grew wary of Big Tech's massive AI investments, while rivals showed early returns.

Beijing has halted Meta's $2 billion purchase of AI startup Manus, citing national security concerns and export control laws. The decision marks...

Meta faces an uncertain path after losing two lawsuits and scaling back its Metaverse ambitions. These challenges, alongside layoffs, prompt questions on...