Microsoft 7% Voluntary Buyout + Meta 8,000 Workforce Reduction

Microsoft distributed a voluntary buyout offer affecting 7% of U.S. employees (up to 8,750) on 5/7—the first such program in 51 years. Meta initiated a 10% headcount reduction (8,000 employees) beginning 5/20, coupled with a freeze on 6,000 open positions. 2026 tech sector cumulative headcount reductions have exceeded 92,000.