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Beijing's message is unmistakable: If Hainan can no longer thrive as a place for domestic shoppers to buy their perfume and handbags, it will have to become a place to process goods, attract overseas capital and experiment with a more open economic model.
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Microsoft is offering voluntary buyouts to thousands of longtime US employees Business InsiderMicrosoft plans first-ever voluntary employee buyout for up to 7% of U.S. workforce CNBCMicrosoft Targets About 7% of Its U.S. Workers With Buyout Offer The New York TimesMicrosoft offers employees unprecedented buyouts The Seattle Times
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The voluntary program could affect nearly 9,000 workers as the company trims headcount, revamps pay, and redirects resources toward its massive AI infrastructure buildout.
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Meta says it will cut 8,000 jobs as AI spending grows BBCMeta plans to cut 10% of workforce, or 8,000 jobs, as it doubles down on AI MarketWatchMeta to cut 8,000 jobs, Microsoft offers buyouts to to staff as AI spending costs hit Big Tech workers Yahoo FinanceExclusive: Meta targets May 20 for first wave of layoffs; additional cuts later in 2026 Reuters
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The tech giant is offering long-serving employees early retirements as it continues to invest aggressively in artificial intelligence.
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