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Microsoft and Meta announce large staff reductions as they spend big on AI
(www.theguardian.com)
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this post was submitted on 26 Apr 2026
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They have to cut their workforce. The whole reason for the AI build out is to make information workers obsolete. If they kept their work force and spent billions in CapEx the market would realize AI is bullshit and their stock would tank.
They have to show gains to keep the AI grift going.