Meta is slashing 8,000 jobs due to AI. Here are other tech giants who did the same.

Meta (META) is the latest tech player to reduce its workforce as it reallocates resources toward AI investments.

In a memo sent to staff on April 23, the company announced it would be slashing its headcount by 10%, affecting roughly 8,000 employees.

Chief people officer Janelle Gale framed the cuts, scheduled for May 20, as necessary to offset heavy spending on AI.

The social media giant also confirmed that it would freeze recruitment for 6,000 open roles it had originally planned to fill. The shift follows an earlier 5% reduction in January. The company started the year with nearly 79,000 workers. The Information recently reported that the Reality Labs division was reorganized to “execute faster.”

Meta stock dropped more than 2% on Thursday. It’s up just 1.3% in 2026, lagging S&P 500’s (^GSPC) 3.6% gain.

Just a week ago, Snap Inc. (SNAP) announced a similar move, cutting roughly 16% of its workforce — approximately 1,000 positions — according to a letter to staff filed with the Securities and Exchange Commission.

CEO Evan Spiegel wrote that “rapid advancements in artificial intelligence enable our teams to reduce repetitive work” and “increase velocity.” But the move appears more closely aligned with a financial incentive to cut $500 million from Snap’s annualized cost base by late 2026. The company is chasing a “clearer path to net-income profitability,” Spiegel noted.

Management said US employees affected will receive four months of severance and healthcare coverage. Outside the US, support will align with local norms, per the filing.

Meta and Snap aren’t outliers. They are part of a growing corporate playbook: Cite AI, cut heads, and boost margins.

Here are five other companies doing the same:

1. Microsoft (MSFT): Microsoft launched its first large-scale voluntary buyout program in late April. The “one-time retirement program” targets approximately 7% of its US workforce, a person familiar with the matter told CNBC. Per an internal memo, US employees at the senior director level and below, whose combined age and years of service total 70 or more, will have access to the program.

2. Oracle (ORCL): The tech giant cut thousands of jobs recently to fund massive investments in AI infrastructure. While Oracle has not confirmed the exact total, reports suggest substantial reductions as the company shifts capital toward its cloud and AI business.

3. Amazon (AMZN): Amazon has cut thousands of corporate roles from its workforce. Globally, the retail giant employs more than 1.5 million people. In recent memos, leadership framed the move as a way to “reduce bureaucracy.” CEO Andy Jassy explicitly stated he expects to reduce headcount as Amazon realizes “efficiency gains from using AI extensively across the company.”

4. Block (XYZ): In early 2026, Block CEO Jack Dorsey announced a 40% reduction of its 10,000 roster to cap the company’s workforce at 6,000 people, according to an X post. He cited “intelligence tools” Block is creating and using, “paired with smaller and flatter teams.”

5. Salesforce (CRM): In early 2026, Salesforce cut roughly 1,000 roles in a pivot to its AI-driven platform, Agentforce. CEO Marc Benioff noted that AI has significantly boosted productivity to the point that the company is leaning heavily on AI coding agents rather than human engineers.