20,000 job cuts at Meta, Microsoft raise concern that AI-driven labor crisis is here
- Posted on April 24, 2026
- By CNBC
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- 1 min read
20,000 job cuts at Meta, Microsoft raise concern that AI-driven labor crisis is here
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.
