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Mark Zuckerberg Plans 30% Budget Cuts To Build Metaverse, Layoffs Loom
Meta Platforms Inc.'s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook Inc.
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Paramount Skydance To Lay Off 1,000 People 3 Months After $8 Billion Deal: Report
The company did not immediately respond to a request to confirm the layoffs
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Amazon To Lay Off 30,000 Corporate Employees In Largest Job Cut Since 2022: Report
Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.
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'Company Got 5,189 H-1B Visas, Then Laid Off 16,000 Americans': US Defends Move
The White House issued a fact sheet, justifying US President Donald Trump's move to impose a fee of USD 100,000 on H-1B visa applications, citing concern over US workers being replaced with "lower-paid foreign labour"
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TCS Market Valuation Erodes By Rs 28,149 crore Since Layoff Announcement
Tata Consultancy Services (TCS) has lost Rs 28,148.72 crore from its market valuation in two days after the company announced that it will lay off about 12,000 employees of its global workforce this year.
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Tata Consultancy Services' Shares Drop After Layoff Announcement
Shares of tech major Tata Consultancy Services (TCS) were trading lower on Monday, following the company's announcement to lay off around 12,200 employees in FY26.
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Layoffs in 2025: HP, Intel, Meta, Microsoft, Ola and More Fire Over 75,000 Staffers; AI the Main Culprit
Layoffs in tech never really stopped in the post-pandemic world. Since the end of 2021, tech companies have been laying off employees in large numbers. Unfortunately, 2025 was also not different, as tech giants such as Intel, Microsoft, Meta, and Salesforce made headlines for their mass layoffs.
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Startup CEO Abruptly Lays Off 19 Employees Over Video Call: "We've Run Out Of Money"
The startup employee shared that their day began like any other, but the CEO called an urgent all-hands meeting, revealing that the company had run out of money and was shutting down.
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Bengaluru CEO Helps 67 Of 70 Laid-Off Employees Find New Jobs, Earns Praise For "Considerate" Approach
The company ensured transparent communication by having personal conversations with each of the 70 affected employees to explain the reasoning behind the decision.
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Bhavish Aggarwal's Ola To Cut 1,000 Jobs. 500 Were Laid Off In November
The current round of layoffs amounts to over a quarter of Ola's 4,000 employee size as of March 2024 but includes contract workers that aren't counted in the company's public disclosures.
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Starbucks To Lay Off 1,100 Jobs Amid Sluggish Sales
Starbucks will cut 1,100 corporate and administrative jobs as part of a reorganization as it aims to reignite sales growth, the company's new CEO said Monday.
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Jeff Bezos-Backed Space Company Blue Origin To Lay Off 10% Workforce
Jeff Bezos' space company Blue Origin LLC is cutting about 10% of its workforce, a significant pullback aimed at slashing costs and refocusing resources after years of development work.
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AMD to Cut Four Percent of Global Workforce as it Focusses on AI Chip Development
AMD is laying off about 1,000 employees, as it directs efforts towards developing AI chips. AMD plans to start mass production of a new version of its artificial-intelligence chip called the MI325X in the fourth quarter of the year.
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Finfluencer Sharan Hegde Lays Off 15% Staff, Explains Reasons: "Irony Isn't..."
Mr Hegde, the company's CEO, attributed the layoffs to "redundant expenses" and "mistakes in hiring."
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ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
-
Mark Zuckerberg Plans 30% Budget Cuts To Build Metaverse, Layoffs Loom
Meta Platforms Inc.'s Mark Zuckerberg is expected to meaningfully cut resources for building the so-called metaverse, an effort that he once framed as the future of the company and the reason for changing its name from Facebook Inc.
-
Paramount Skydance To Lay Off 1,000 People 3 Months After $8 Billion Deal: Report
The company did not immediately respond to a request to confirm the layoffs
-
Amazon To Lay Off 30,000 Corporate Employees In Largest Job Cut Since 2022: Report
Amazon is planning to cut as many as 30,000 corporate jobs beginning on Tuesday, as the company pares expenses and compensates for overhiring during the peak demand of the pandemic, according to three people familiar with the matter.
-
'Company Got 5,189 H-1B Visas, Then Laid Off 16,000 Americans': US Defends Move
The White House issued a fact sheet, justifying US President Donald Trump's move to impose a fee of USD 100,000 on H-1B visa applications, citing concern over US workers being replaced with "lower-paid foreign labour"
-
TCS Market Valuation Erodes By Rs 28,149 crore Since Layoff Announcement
Tata Consultancy Services (TCS) has lost Rs 28,148.72 crore from its market valuation in two days after the company announced that it will lay off about 12,000 employees of its global workforce this year.
-
Tata Consultancy Services' Shares Drop After Layoff Announcement
Shares of tech major Tata Consultancy Services (TCS) were trading lower on Monday, following the company's announcement to lay off around 12,200 employees in FY26.
-
Layoffs in 2025: HP, Intel, Meta, Microsoft, Ola and More Fire Over 75,000 Staffers; AI the Main Culprit
Layoffs in tech never really stopped in the post-pandemic world. Since the end of 2021, tech companies have been laying off employees in large numbers. Unfortunately, 2025 was also not different, as tech giants such as Intel, Microsoft, Meta, and Salesforce made headlines for their mass layoffs.
-
Startup CEO Abruptly Lays Off 19 Employees Over Video Call: "We've Run Out Of Money"
The startup employee shared that their day began like any other, but the CEO called an urgent all-hands meeting, revealing that the company had run out of money and was shutting down.
-
Bengaluru CEO Helps 67 Of 70 Laid-Off Employees Find New Jobs, Earns Praise For "Considerate" Approach
The company ensured transparent communication by having personal conversations with each of the 70 affected employees to explain the reasoning behind the decision.
-
Bhavish Aggarwal's Ola To Cut 1,000 Jobs. 500 Were Laid Off In November
The current round of layoffs amounts to over a quarter of Ola's 4,000 employee size as of March 2024 but includes contract workers that aren't counted in the company's public disclosures.
-
Starbucks To Lay Off 1,100 Jobs Amid Sluggish Sales
Starbucks will cut 1,100 corporate and administrative jobs as part of a reorganization as it aims to reignite sales growth, the company's new CEO said Monday.
-
Jeff Bezos-Backed Space Company Blue Origin To Lay Off 10% Workforce
Jeff Bezos' space company Blue Origin LLC is cutting about 10% of its workforce, a significant pullback aimed at slashing costs and refocusing resources after years of development work.
-
AMD to Cut Four Percent of Global Workforce as it Focusses on AI Chip Development
AMD is laying off about 1,000 employees, as it directs efforts towards developing AI chips. AMD plans to start mass production of a new version of its artificial-intelligence chip called the MI325X in the fourth quarter of the year.
-
Finfluencer Sharan Hegde Lays Off 15% Staff, Explains Reasons: "Irony Isn't..."
Mr Hegde, the company's CEO, attributed the layoffs to "redundant expenses" and "mistakes in hiring."
-
ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
