Cloudy with a chance of job losses

Five of the 'Magnificent 7' mega stocks will report quarterlies this week, as both Meta Platforms and Microsoft announce plans to shed thousands of jobs, redirecting personnel costs into more AI infrastructure.

Wednesday (US time) sees Meta (Facebook), Microsoft, Alphabet (Google) and Amazon

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Brent Melville Mon, 27 Apr 2026

Contact the Writer: bmelville@nbr.co.nz

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