Meta and Microsoft have undergone significant workforce reductions in recent years. In 2022, Meta eliminated approximately 11,000 positions as part of a major restructuring effort. The following year, dubbed the " Year of Efficiency " by Zuckerberg, Meta cut an additional 10,000 roles. Microsoft also trimmed its workforce by 10,000 employees in 2023 while consolidating office space. Following its $75.4 billion Activision Blizzard acquisition, Microsoft's gaming division eliminated 1,900 positions in early 2024 to streamline operations and reduce redundancies.