It Sector Layoffs
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Oracle Layoffs 2026: Manager Shares Emotional Post After 16-Year Career Ends
A former Oracle manager's LinkedIn post highlights the emotional impact of layoffs and reflects the wider trend of job cuts in the technology sector.
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"Today's Your Last Working Day": Oracle Layoffs Revive A Fear Bengaluru's Flats Knew
IT incomes have historically driven housing demand across Bengaluru, Hyderabad, Pune and NCR. A prolonged hiring slowdown or continued layoffs could weaken absorption and add pressure on existing inventory.
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AI Can Reportedly Take Away More Than 2 Lakh Banking Jobs by 2030
Europe’s banking sector may reduce more than 200,000 jobs by 2030 as lenders adopt AI technologies and move services online, analysts say. The Morgan Stanley analysis reported by the Financial Times projects that roughly 10 per cent of roles at major banks could be lost, particularly in internal operations, with some institutions already announci...
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Google Slashes 10% Of Managerial Staff In Hunt For 'Googleyness': Report
Google Layoffs: Google has laid off 10 per cent of its managerial staff as part of a long-running campaign to increase efficiency by double that number, multiple news reports said Wednesday.
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Meta Looking to Hire Generative AI-Focused Workers on Metaverse Team After Layoffs
Meta is looking to hire employees to expand its foray in the generative AI space, as part of its metaverse team. As per a new job listing, could integrate GenAI with its metaverse-related efforts, including virtual reality (VR), augmented reality (AR), and mixed reality (MR) elements – that together make for components of the metaverse
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eBay Could Be Considering Exiting NFT Sector, Reportedly Trims Web3 Team
eBay has reportedly slashed 30 percent of its Web3 team. After acquiring the NFT marketplace KnownOrigin in 2022, eBay had absorbed the team running this NFT marketplace. In the last eighteen months since the acquisition however, tensions between the eBay team and the KnownOrigin team reportedly rose – leading to the present-day situation.
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Mark Zuckerbeg Explains Why Tech Layoffs Are Happening. It's Not Because Of AI
Meta announced several rounds of layoffs as part of Mark Zuckerberg's "year of efficiency" in which thousands of employees lost their jobs in the past few months.
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"We Are Reorganising...": Snapchat Parent Company To Lay Off 10% Of Its Staff Globally
Social media giant Snap, which operates Snapchat, has announced plans to lay off approximately 10% of its staff.
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Microsoft to Lay Off 1,900 Staff at Gaming Division, Including Recently Acquired Call of Duty Maker Activision
Microsoft will let go of 1,900 employees at Activision Blizzard and Xbox this week, it said on Thursday, the latest cuts in the technology sector that has extended massive layoffs over the past years into 2024.
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Layoffs In US Soared 98% In 2023 And It Could Get Worse This Year, Report Claims
US companies planned 721,677 job cuts last year, a 98% jump from 363,832 layoffs reported in 2022, a new report published by professional outplacement firm Challenger, Gray & Christmas has revealed.
-
Oracle Layoffs 2026: Manager Shares Emotional Post After 16-Year Career Ends
A former Oracle manager's LinkedIn post highlights the emotional impact of layoffs and reflects the wider trend of job cuts in the technology sector.
-
"Today's Your Last Working Day": Oracle Layoffs Revive A Fear Bengaluru's Flats Knew
IT incomes have historically driven housing demand across Bengaluru, Hyderabad, Pune and NCR. A prolonged hiring slowdown or continued layoffs could weaken absorption and add pressure on existing inventory.
-
AI Can Reportedly Take Away More Than 2 Lakh Banking Jobs by 2030
Europe’s banking sector may reduce more than 200,000 jobs by 2030 as lenders adopt AI technologies and move services online, analysts say. The Morgan Stanley analysis reported by the Financial Times projects that roughly 10 per cent of roles at major banks could be lost, particularly in internal operations, with some institutions already announci...
-
Google Slashes 10% Of Managerial Staff In Hunt For 'Googleyness': Report
Google Layoffs: Google has laid off 10 per cent of its managerial staff as part of a long-running campaign to increase efficiency by double that number, multiple news reports said Wednesday.
-
Meta Looking to Hire Generative AI-Focused Workers on Metaverse Team After Layoffs
Meta is looking to hire employees to expand its foray in the generative AI space, as part of its metaverse team. As per a new job listing, could integrate GenAI with its metaverse-related efforts, including virtual reality (VR), augmented reality (AR), and mixed reality (MR) elements – that together make for components of the metaverse
-
eBay Could Be Considering Exiting NFT Sector, Reportedly Trims Web3 Team
eBay has reportedly slashed 30 percent of its Web3 team. After acquiring the NFT marketplace KnownOrigin in 2022, eBay had absorbed the team running this NFT marketplace. In the last eighteen months since the acquisition however, tensions between the eBay team and the KnownOrigin team reportedly rose – leading to the present-day situation.
-
Mark Zuckerbeg Explains Why Tech Layoffs Are Happening. It's Not Because Of AI
Meta announced several rounds of layoffs as part of Mark Zuckerberg's "year of efficiency" in which thousands of employees lost their jobs in the past few months.
-
"We Are Reorganising...": Snapchat Parent Company To Lay Off 10% Of Its Staff Globally
Social media giant Snap, which operates Snapchat, has announced plans to lay off approximately 10% of its staff.
-
Microsoft to Lay Off 1,900 Staff at Gaming Division, Including Recently Acquired Call of Duty Maker Activision
Microsoft will let go of 1,900 employees at Activision Blizzard and Xbox this week, it said on Thursday, the latest cuts in the technology sector that has extended massive layoffs over the past years into 2024.
-
Layoffs In US Soared 98% In 2023 And It Could Get Worse This Year, Report Claims
US companies planned 721,677 job cuts last year, a 98% jump from 363,832 layoffs reported in 2022, a new report published by professional outplacement firm Challenger, Gray & Christmas has revealed.
