Browsing: workforce reduction

Meta begins global layoffs affecting about 10 percent of staff as AI spending, data center costs and team restructuring reshape operations.

Oracle has begun a new layoff round, including 491 Washington jobs, while keeping a $50 billion capital spending plan tied to cloud and AI infrastructure.

Meta cut several hundred jobs in a new restructuring round as the company maintained heavy 2026 AI infrastructure spending and kept workforce changes in focus.

Amazon said it will cut about 16,000 corporate roles worldwide, its biggest layoffs since 2023, with support steps and varying timelines by country.

Meta cuts about 1,500 Reality Labs jobs, with Oculus Studios hit, as Oculus founder Palmer Luckey calls the layoffs a good decision for VR in new filings today.

Wall Street saw its biggest annual job decline since 2016 as the six largest US banks ended 2025 with about 10600 fewer employees than a year earlier.

Tech leaders from Amazon to Microsoft are cutting jobs as AI-driven automation reshapes work, streamlining operations across major corporations.

Commerzbank will cut 3,900 jobs by 2028 while targeting a €2.4B profit in 2025, as part of a restructuring plan amid speculation over UniCredit’s increasing stake.

Ford will cut 4,000 European jobs by 2027, citing weak EV demand and rising competition, with Germany and the UK most affected in its restructuring plans.

Boeing announces layoffs for 438 employees amid financial challenges, citing overstaffing. The move is part of a broader 10% workforce reduction plan impacting 17,000 positions.