layoff

Meta Platforms Inc. (NASDAQ:META) CEO Mark Zuckerberg told employees on Thursday that the company's aggressive artificial intelligence spending is directly contributing to planned layoffs. Meta's AI Investment Reshapes Workforce Priorities During a company town hall, Zuckerberg said Meta's...

Snap Inc. (NYSE:SNAP) said it will cut about 1,000 jobs, or roughly 16% of its workforce, as part of a broader restructuring aimed at reducing costs and improving profitability amid slowing growth and rising competitive pressure. In a note to employees, CEO Evan Spiegel said the social media firm...

The year 2026 began with the highest layoffs in January since 2009 amid a rise in the usage of artificial intelligence (AI) and warnings from industry leaders and experts about threats to employees. Oracle Announces Layoffs Oracle Corp. (NYSE:ORCL) has become the latest to announce layoffs,...

Corporate America is experiencing a surge in layoffs as companies respond to economic pressures from President Donald Trump’s tariff policies and artificial intelligence adoption reshaping workforce needs. What Happened: Procter & Gamble Co. (NYSE:PG) revealed Thursday it will eliminate 7...

The Ethereum Foundation, a key supporter of Ethereum (CRYPTO: ETH), laid off research and development staff on Monday as part of a strategic restructuring. What Happened: The Switzerland-based nonprofit announced it is rebranding its Protocol Research and Development division as “Protocol...

The Trump administration has appealed a federal judge’s decision to extend a block on mass layoffs within federal agencies. This appeal follows U.S. District Judge Susan Illston’s ruling, which temporarily halted the layoffs pending the resolution of ongoing lawsuits. What Happened: The...

Elon Musk’s influence within the Trump administration’s Department of Government Efficiency (DOGE) is gradually diminishing, yet the agency’s sweeping reforms continue to reshape the federal landscape. Despite Musk’s diminishing presence, DOGE has already rooted itself in...

In a significant cost-saving move, oil behemoth Chevron Corp. (NYSE:CVX) has announced plans to slash its workforce by up to 20%. What Happened: Chevron announced on Wednesday that it intends to commence major layoffs this year, aiming to complete the majority by the end of 2026. The move...

Satya Nadella-led Microsoft Corporation (NASDAQ:MSFT) and Sundar Pichai’s Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) have announced significant layoffs in their respective departments, impacting hundreds of employees. What Happened: On Monday, Microsoft announced layoffs that can reportedly...

Walmart Inc. (NYSE:WMT) is set to lay off hundreds of corporate employees and relocate others to its main corporate hubs. What Happened: Walmart, the largest employer in the U.S. with 1.6 million workers, is downsizing its corporate workforce and asking remote employees to move to its main...

Matt Higgins, CEO of RSE Ventures, voiced his concerns regarding Elon Musk‘s leadership style following significant layoffs at Tesla Inc. (NASDAQ:TSLA). What Happened: Higgins suggested that Musk’s decision to downsize, while potentially justified due to market demand issues, reveals...

Former employees of Google (NASDAQ:GOOGL) have accused the tech giant of unlawful termination. The employees claim that Google dismissed approximately 50 staff members who were protesting its cloud contract with the Israeli government. What Happened: The workers complained to the U.S. National...

Meta Platforms Inc. (NASDAQ:META) employees are reportedly facing a nerve-wracking period as the company’s “Year of Efficiency” is now a permanent fixture, leading to apprehensions about potential layoffs. What Happened: The company has been undergoing a prolonged process of...

In a recent announcement, Tencent Holdings Ltd (OTC:TCEHY) subsidiary Riot Games revealed plans to lay off approximately 11% of its global workforce. What Happened: Riot Games, the developer of popular titles like “League of Legends,” will be reducing its staff by 530 employees, Reuters...

New internal communications from Amazon (NASDAQ:AMZN) indicate that the most recent layoffs at the company have been more extensive than initially disclosed, affecting roles in Amazon Pay and marketing. What Happened: Amazon has reportedly informed its employees about plans to cut hundreds of jobs...