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Meta slashes 8,000 jobs, or 10% of its workforce, as Microsoft offers buyouts
Meta is laying off about 8,000 workers, or about 10% of its workforce, the company said Thursday as it continues to ramp up spending on artificial intelligence infrastructure and highly paid AI-expert hires.
The company said it was making the cuts for the sake of efficiency and to allow new investments in parts of its business, as first reported by Bloomberg, which also said the company will leave about 6,000 jobs unfilled.
Also Thursday, Microsoft said it was offering voluntary buyouts to thousands of its U.S. employees.
The software giant plans to make the offers in early May to about 8,750 people, or 7% of its U.S. workforce, according to two people familiar with the plan who were not authorized to speak about it publicly.
While an alternative to the sudden layoffs removing tech workers from peers like Meta and Oracle, the savings are likely tied to a similar industry upheaval that is requiring huge spending on the costs of artificial intelligence. Meta has already warned investors that its 2026 expenses will grow significantly — to the range of $162 billion to $169 billion — driven by infrastructure costs and employee compensation, particularly for the artificial intelligence experts it’s been hiring at eye-popping pay levels.
Wedbush analyst Dan Ives welcomed Meta’s cuts in a note to investors Thursday.
He said he sees it as part of a strategy of using AI tools to “automate tasks that once required large teams, allowing the company to streamline operations and reduce costs while maintaining productivity driving an increased need for a leaner operating structure.”
Microsoft, based in Redmond, Washington, has spent billions of dollars operating an ever-expanding global network of data centers powering cloud computing services, AI systems and its own suite of productivity tools, including the AI assistant Copilot.
CNBC reported earlier Thursday on a memo from Microsoft’s chief people officer, Amy Coleman, announcing the voluntary retirement plan.
“Our hope is that this program gives those eligible the choice to take that next step on their own terms, with generous company support,” Coleman wrote, according to CNBC.
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Video captured a large emergency response after a small plane crashed into Beijing’s tallest skyscraper on Friday, prompting an immediate information blackout from Chinese authorities, The Associated Press reported.
Video and photos shared on social media appear to show the aircraft plummeting to the ground after smashing a large hole in the 108-story CITIC Tower, located in the Chinese capital’s business district.
Police, fire and EMS workers were spotted at the scene preventing witnesses from taking photos and attempting to clear the area.
People gather near the CITIC Tower in Beijing on June 26, 2026, after an eyewitness reported plane debris at the base of Beijing’s tallest building. Video footage taken from a nearby building by the witness showed fire trucks blasting water at smoke billowing from the 528-metre (1,732-foot) CITIC Tower, while the wreck of a plane lay on the ground beside the building. (Adek Berry/AFP via Getty Images)
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A person working inside the high-rise said the plane crash triggered the building’s fire alarms.
Flight tracking data from Flightradar24 indicated the aircraft was a Sunward SA 60L Aurora, which took off about 30 miles east of the city and crashed shortly before 6 p.m. local time.
ADS-B data for the flight only includes a partial flight path and stops prior to the crash, according to air traffic data.
A hole is seen (R) on the side of the CITIC Tower in Beijing on June 26, 2026, after a reported plane crash. (Peter Catterall/AFP via Getty Images)
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The AP reported that photos and videos of the incident escaped the country’s “great firewall” and were circulated on social media platform X, though Chinese censors have removed content about the crash from the country’s restricted internet.
No information has been released by government officials or state-run media, as of Friday afternoon.
Police personnel block the road near the CITIC Tower in Beijing on June 26, 2026. (Adek Berry/AFP via Getty Images)
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The cause of the crash, identity of the pilot, and the number of casualties remain unclear.
The White House did not immediately respond to Fox News Digital’s request for comment.
This is a developing story. Please check back for updates.
The military government, in power since a coup in 2022, accused France of having ‘neo-colonial ambitions’.
Published On 26 Jun 2026
Burkina Faso has broken off diplomatic relations with France, further widening the rift with its former colonial ruler.
“The government of Burkina Faso hereby informs the national and international community that it has decided to sever diplomatic relations with France with effect from today, June 26, 2026,” said Friday’s statement read out on national television.
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The military government led by Captain Ibrahim Traore, in power since a coup in September 2022, is pursuing a policy against critical voices and Western countries, especially France.
In the TV announcement, the government accused France of persistently acting against its interests.
“The essential conditions for promoting relations based on mutual respect, reciprocal trust, respect for the principle of non-interference in internal affairs and national sovereignty are not in place,” said Communications Minister, Gilbert Ouedraogo.
He said the decision followed a review of relations with Paris. He accused France of having “neo-colonial ambitions, made evident by its active support for subversive networks and the terrorists who are plunging our country and the Sahel into mourning”.
In January, political parties in Burkina Faso were formally dissolved by the military government, which has also seized all their assets in a move analysts say is a major blow for democracy in the West African nation.
Landlocked Burkina Faso is grappling with several armed groups which have seized control of land in the country’s north, south and west. These include the al-Qaeda-backed Jama’at Nusrat al-Islam wal-Muslimin (JNIM) and Islamic State Sahel Province (ISSP), which also operate in neighbouring Mali and Niger.
Burkina Faso’s military has been accused of committing atrocities, including the ethnic cleansing of Fulani civilians, amounting to war crimes and crimes against humanity, Human Rights Watch found last April.
According to the government statement released on Friday, the decision to cut ties with France “exclusively concerns diplomatic relations between the two states” and “does not call into question the historical, human, cultural and social ties between the people of Burkina Faso and France”.
It added that French nationals in Burkina Faso will continue to be protected in accordance with the law.
Once a significant power in northern, central and western Africa, France has seen its influence shrink in recent years, especially as many of its former African colonies, particularly in the Sahel, have distanced themselves and become more closely aligned with Russia and China.
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