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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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Thousands Face The Axe As Global Firms Look For Return On Big AI Spending
Amazon said it would cut up to 14,000 jobs from its corporate workforce, joining Target, Procter & Gamble and others in axing thousands of office roles.
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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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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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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 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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'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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"Need To Change Faster": Nestle To Cut 16,000 Jobs Over Next 2 Years
Nestle, the Swiss food and beverage giant known for brands like Nespresso, Kit Kat, Perrier, and Purina, announced on Thursday that it will cut 16,000 jobs worldwide over the next two years.
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White House Likely To Lay Off 10,000 Workers During Shutdown
The White House said Wednesday it will likely lay off at least 10,000 federal workers during the US government shutdown as Republican President Donald Trump steps up pressure on Democrats.
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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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Harvard University To Lay Off School Staff Amid "Enormous" Pressure
The Boston Globe, which first reported the changes, said it involves 40 layoffs. A spokesperson for the engineering school declined to comment on the number of people cut.
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Accenture Lays Off 11,000 Employees, CEO Reveals Why It's Necessary
The "number 1 strategy", according to CEO Julie Sweet, is "upskilling".
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Germany's Lufthansa To Cut 4,000 Jobs By 2030, Targetting Admin
German airline group Lufthansa said Monday it will cut 4,000 jobs, nearly four percent of its workforce -- a move underscoring the slump gripping Europe's largest economy.
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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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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.
-
Thousands Face The Axe As Global Firms Look For Return On Big AI Spending
Amazon said it would cut up to 14,000 jobs from its corporate workforce, joining Target, Procter & Gamble and others in axing thousands of office roles.
-
"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.
-
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.
-
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 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.
-
'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.
-
"Need To Change Faster": Nestle To Cut 16,000 Jobs Over Next 2 Years
Nestle, the Swiss food and beverage giant known for brands like Nespresso, Kit Kat, Perrier, and Purina, announced on Thursday that it will cut 16,000 jobs worldwide over the next two years.
-
White House Likely To Lay Off 10,000 Workers During Shutdown
The White House said Wednesday it will likely lay off at least 10,000 federal workers during the US government shutdown as Republican President Donald Trump steps up pressure on Democrats.
-
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.
-
Harvard University To Lay Off School Staff Amid "Enormous" Pressure
The Boston Globe, which first reported the changes, said it involves 40 layoffs. A spokesperson for the engineering school declined to comment on the number of people cut.
-
Accenture Lays Off 11,000 Employees, CEO Reveals Why It's Necessary
The "number 1 strategy", according to CEO Julie Sweet, is "upskilling".
-
Germany's Lufthansa To Cut 4,000 Jobs By 2030, Targetting Admin
German airline group Lufthansa said Monday it will cut 4,000 jobs, nearly four percent of its workforce -- a move underscoring the slump gripping Europe's largest economy.
-
'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"
