In a dramatic shift towards artificial intelligence, Meta has announced plans to cut 10% of its workforce, affecting approximately 8,000 employees. This decision follows a trend among major tech companies, as Microsoft also offers early buyouts to its staff in an attempt to manage costs amid rising AI expenditures. The layoffs, described as necessary for boosting efficiency and offsetting hefty investments in AI infrastructure, have sparked concerns about a growing labor crisis driven by technological advancements. As Meta prepares for these layoffs, set to begin on May 20, tech job market anxieties continue to mount, with both companies contributing to a wave of downsizing across the industry.