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Meta is letting go of 8,000 employees as it restructures.
Microsoft's offering voluntary retirement to about 7% of its US staff.
Oracle and Snap have also trimmed teams, with Oracle reportedly alone cutting around 30,000 jobs (12,000 in India).
Block plans to shrink its workforce by 40%, impacting over 4,000 people.
For these companies, streamlining now is all about staying competitive in the fast-moving world of AI.