New Delhi, April 24 -- A wave of layoffs in the Information Technology sector is set to come as Meta Platforms and Microsoft are planning cuts or announcing buyouts that could affect as many as 23,000 jobs. The move comes as part of an effort to streamline operations and offset heavy spending on artificial intelligence.
Meta plans to cut 10 per cent of workers, or roughly 8,000 employees, starting on May 20. Microsoft issued its own memo offering voluntary buyouts to thousands of its US employees. About 7 per cent of the US workforce will be eligible for the buyouts.
Notably, Microsoft has never previously done buyouts of this scale. Microsoft had 125,000 employees in the US as of June 2025. That would make about 8,750 workers eligible fo...