The financial news that actually matters
For the first time in its 51-year history, Microsoft is offering voluntary buyout packages to U.S. employees, extending the option to as many as 8,750 workers, roughly 7% of its domestic workforce. The offers are expected to go out in early May 2026, according to an internal memo reviewed by Bloomberg and two people familiar…
Meta is eliminating roughly 8,000 jobs and shelving another 6,000 open positions it had planned to fill, a combined reduction of about 14,000 roles that makes this the company’s third major round of layoffs in 2026. The cuts amount to approximately 10% of Meta’s global workforce, according to the Associated Press, and arrive as the…