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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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Netflix Reportedly Sells Spry Fox Back to Founders as Company Shifts Gaming Strategy
Netflix is reportedly preparing to sell Spry Fox back to its original founders, according to a new report. The studio, acquired in 2022, is said to return to independent status as Netflix shifts its gaming strategy. Spry Fox will continue developing Spirit Crossing, with Netflix still publishing the 2025 mobile release while the studio seeks other ...
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Apple Cuts Jobs Across Its Sales Organization in Rare Layoff
Apple has laid off several workers in its sales team in a rare move. Apple management notified the affected workers over the past couple of weeks, according to people familiar with the matter. The cuts extended across the sales organization — hitting some teams especially hard — though the company didn’t tell employees how many roles were inv...
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Apple Cuts Jobs Across Sales Team
Apple has cut dozens of jobs across its sales organization as it looks to streamline how it offers products to businesses, schools and governments, Bloomberg News reported on Monday, citing people familiar with the matter.
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Recruiter Offers Job To Employee They Laid Off Months Ago, Story Viral
An employee revealed that a recruiter tried to hire them for the same job they were laid off from after 14 years.
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IBM To Cut Thousands Of Jobs Amid Software Focus
IBM will cut roles this quarter, the company said, potentially impacting thousands of employees while it shifts focus towards its high-margin software segment, as Wall Street hones in on the company's ability to benefit from AI-linked cloud demand.
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After Layoffs, Microsoft Plans Fresh Hiring Focused On AI: Satya Nadella
After a year of major layoffs, Microsoft is preparing to grow its workforce again -- but this time with a clear focus on artificial intelligence.
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"A Hint Of The Great Depression": Amazon Layoffs Spark Fierce Online Backlash
Amazon plans to lay off 30,000 corporate employees, nearly 10 per cent of its corporate workforce, triggering strong online backlash.
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62-Year-Old Microsoft Employee Laid Off After 20 Years: "It Feels Like A Betrayal"
In May, he found out he and 14 others in his group, including four managers, were laid off.
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Indian Man's AI Startup Opens Doors To 600 Laid-Off Meta Employees With High Salaries
The offer comes amid Meta's push for leaner operations, with cuts targeting its Fundamental AI Research (FAIR) unit, AI product teams, and infrastructure groups.
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Indian Woman On H-1B Visa Laid Off by Meta, Receives Job Offers Online
Based in Seattle, the woman joined Meta as a research scientist earlier this year, but was laid off after just nine months.
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Amazon To Replace 5 Lakh Jobs With Robots, Preparing For Backlash: Report
Amazon may soon replace more than half a million jobs with robots, the New York Times reported, based on internal documents it accessed.
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'Hard But Necessary': Nestle Announces 16,000 Job Cuts Worldwide
Nestle, the Swiss food giant whose brands include Nespresso coffee and Perrier water, announced Thursday plans to cut 16,000 jobs worldwide over the next two years, sending its share price soaring.
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TCS, Employees' Union Hold Talks After Protests Over 20,000 Job Cuts
A conciliation meeting between the Karnataka State IT/ITeS Employees Union and Tata Consultancy Services management was held, following allegations of mass layoffs at the IT major.
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Amazon To Lay Off Up To 15% Of HR Staff Amid AI-Driven Restructuring: Report
CEO Andy Jassy has emphasised AI's central role in Amazon's future, driving efficiency and automation.
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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.
-
Netflix Reportedly Sells Spry Fox Back to Founders as Company Shifts Gaming Strategy
Netflix is reportedly preparing to sell Spry Fox back to its original founders, according to a new report. The studio, acquired in 2022, is said to return to independent status as Netflix shifts its gaming strategy. Spry Fox will continue developing Spirit Crossing, with Netflix still publishing the 2025 mobile release while the studio seeks other ...
-
Apple Cuts Jobs Across Its Sales Organization in Rare Layoff
Apple has laid off several workers in its sales team in a rare move. Apple management notified the affected workers over the past couple of weeks, according to people familiar with the matter. The cuts extended across the sales organization — hitting some teams especially hard — though the company didn’t tell employees how many roles were inv...
-
Apple Cuts Jobs Across Sales Team
Apple has cut dozens of jobs across its sales organization as it looks to streamline how it offers products to businesses, schools and governments, Bloomberg News reported on Monday, citing people familiar with the matter.
-
Recruiter Offers Job To Employee They Laid Off Months Ago, Story Viral
An employee revealed that a recruiter tried to hire them for the same job they were laid off from after 14 years.
-
IBM To Cut Thousands Of Jobs Amid Software Focus
IBM will cut roles this quarter, the company said, potentially impacting thousands of employees while it shifts focus towards its high-margin software segment, as Wall Street hones in on the company's ability to benefit from AI-linked cloud demand.
-
After Layoffs, Microsoft Plans Fresh Hiring Focused On AI: Satya Nadella
After a year of major layoffs, Microsoft is preparing to grow its workforce again -- but this time with a clear focus on artificial intelligence.
-
"A Hint Of The Great Depression": Amazon Layoffs Spark Fierce Online Backlash
Amazon plans to lay off 30,000 corporate employees, nearly 10 per cent of its corporate workforce, triggering strong online backlash.
-
62-Year-Old Microsoft Employee Laid Off After 20 Years: "It Feels Like A Betrayal"
In May, he found out he and 14 others in his group, including four managers, were laid off.
-
Indian Man's AI Startup Opens Doors To 600 Laid-Off Meta Employees With High Salaries
The offer comes amid Meta's push for leaner operations, with cuts targeting its Fundamental AI Research (FAIR) unit, AI product teams, and infrastructure groups.
-
Indian Woman On H-1B Visa Laid Off by Meta, Receives Job Offers Online
Based in Seattle, the woman joined Meta as a research scientist earlier this year, but was laid off after just nine months.
-
Amazon To Replace 5 Lakh Jobs With Robots, Preparing For Backlash: Report
Amazon may soon replace more than half a million jobs with robots, the New York Times reported, based on internal documents it accessed.
-
'Hard But Necessary': Nestle Announces 16,000 Job Cuts Worldwide
Nestle, the Swiss food giant whose brands include Nespresso coffee and Perrier water, announced Thursday plans to cut 16,000 jobs worldwide over the next two years, sending its share price soaring.
-
TCS, Employees' Union Hold Talks After Protests Over 20,000 Job Cuts
A conciliation meeting between the Karnataka State IT/ITeS Employees Union and Tata Consultancy Services management was held, following allegations of mass layoffs at the IT major.
-
Amazon To Lay Off Up To 15% Of HR Staff Amid AI-Driven Restructuring: Report
CEO Andy Jassy has emphasised AI's central role in Amazon's future, driving efficiency and automation.
