Tag: layoffs
Global Tech Industry Sees Over 73,000 Job Cuts in First Quarter Amid AI-Driven Restructuring
More than 73,000 jobs were cut in the global tech sector during Q1 2026 as companies shift focus to AI and automation.
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Meta to Cut Nearly 10% of Workforce as It Refocuses on AI and Efficiency
Meta plans to reduce its workforce by about 8,000 employees amid a strategic shift toward AI and improved operational efficiency.
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AI-Driven Job Cuts Account for Nearly Half of Last Quarter’s Layoffs
Artificial intelligence played a significant role in job reductions last quarter, responsible for over 37,000 of 80,000 total layoffs.
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GoPro to Cut Nearly 25% of Workforce in Effort to Regain Profitability
GoPro plans to reduce its workforce by nearly a quarter as part of a strategy to counter declining revenue and competition pressures.
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Industry Update: Nintendo Switch 2 Sales Dip, Minecraft Dungeons Sequel Announced, and Epic Games Layoffs Amid Fortnite Decline
Nintendo Switch 2 experiences a sales slowdown, Minecraft Dungeons sequel revealed, and Epic Games undergoes layoffs amidst Fortnite’s waning popularity.
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Meta Initiates New Wave of Layoffs Amid Strategic Shift Toward AI
Meta has launched another round of layoffs targeting several departments as it intensifies focus on artificial intelligence development.
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Yandex Denies Rumors of Major Employee Layoffs Amid Optimization Claims
Yandex refutes rumors of large-scale staff reductions, including in search services and AI departments, confirming no planned mass layoffs.
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Meta Plans Significant Job Cuts Amid AI Infrastructure Investments
Meta is preparing to reduce its workforce by up to 20% to offset AI infrastructure costs and improve operational efficiency.
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Battlefield 6 Studio Faces Layoffs Despite Game’s Strong Performance
Battlefield 6 developers at Battlefield Studios experience layoffs even as the game achieves notable success in the market.
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Microsoft Assures No Cuts or Studio Closures Following Xbox Leadership Change
Microsoft confirms recent leadership changes at Xbox will not lead to layoffs or studio closures, aiming for a smooth transition.
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Tech Industry Faces Accelerated Workforce Reductions in Early 2026
The technology sector experienced significant job cuts in January 2026, suggesting the year may surpass last year’s record workforce reductions.
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Oracle Faces Potential Layoffs and Asset Sales Amid AI Data Center Funding Challenges
Oracle may cut up to 30,000 jobs and explore divestitures after US banks declined financing for its AI data center expansion plans.
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