Layoffs In It Companies
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'Released' 6,000 People, Layoff Numbers In Circulation Exaggerated: TCS
India's largest IT services company TCS on Thursday said it has "released" one per cent or 6,000 people from workforce as part of a restructuring exercise it had initiated.
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Amid Layoffs, TCS Says Impacted Employees Have Been Given "Care And Support"
Months after Tata Consultancy Services announced that it would reduce its workforce by 2 per cent in its 2026 financial year, the company has said it is providing "care and support" to employees hit by the restructuring.
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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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Microsoft Cuts Hundreds More Jobs After Firing 6,000 Last Month
Microsoft cut hundreds more jobs just weeks after its largest layoff in years. The AI boom has roiled the tech labor market because companies are prioritising AI-focused jobs and harnessing the technology to save money.
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EA Reportedly Cancels Black Panther Game, Shuts Down Developer Cliffhanger Games
Electronic Arts has reportedly cancelled its Black Panther game and shut down developer Cliffhanger Games. The cancellation marks the third round of cuts at EA this year and will result in an unspecified number of layoffs at the company.
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TikTok Shop US Employees Told to Work From Home Amid Layoff Fears. Read Full Memo
The move is part of a restructuring of its operations as the company is facing immense regulatory pressures and business challenges in the US.
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Even The AI Director Was Not Spared In Microsoft's Recent Layoffs, Tech Industry Concerned
According to Ms Queiroz, staff were asked to stop work immediately after being informed of the decision.
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Company Responsible For Global IT Outage Last Year To Cut Jobs For AI Use
CrowdStrike became a publicly traded company in 2019 and had a revenue of $1 billion in March for the fourth financial quarter of 2025.
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Meta Starts Eliminating Jobs in Shift to Find AI Talent
Meta has started notifying “low-performers” that they are being laid off. The company is scouring for new talent to dominate the AI race. The company is offering US-based employees severance packages that include 16 weeks of salary, in addition two weeks for each year of service.
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BioWare Downsized to Less Than 100 Employees After Layoffs, Relocations: Report
Dragon Age and Mass Effect developer BioWare has reportedly been hit with layoffs and relocations, downsizing to less than half of its size from two years ago. The developer is said to have laid off over 20 employees and permanently moved several others to different teams across parent company Electronic Arts.
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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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Freshworks Announces 13% Workforce Reduction In Strategic Restructuring
Dennis Woodside, CEO of Freshworks, announced the company's decision to reduce its workforce by 13 per cent, impacting around 660 employees.
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US Judge Says Elon Musk's X Must Face Class Action Age Bias Claims Over Mass Layoff
A US District Judge has ruled that roughly 150 older workers who were laid off by social media platform X when Elon Musk acquired the company can sue for age discrimination.
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'Released' 6,000 People, Layoff Numbers In Circulation Exaggerated: TCS
India's largest IT services company TCS on Thursday said it has "released" one per cent or 6,000 people from workforce as part of a restructuring exercise it had initiated.
-
Amid Layoffs, TCS Says Impacted Employees Have Been Given "Care And Support"
Months after Tata Consultancy Services announced that it would reduce its workforce by 2 per cent in its 2026 financial year, the company has said it is providing "care and support" to employees hit by the restructuring.
-
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.
-
Microsoft Cuts Hundreds More Jobs After Firing 6,000 Last Month
Microsoft cut hundreds more jobs just weeks after its largest layoff in years. The AI boom has roiled the tech labor market because companies are prioritising AI-focused jobs and harnessing the technology to save money.
-
EA Reportedly Cancels Black Panther Game, Shuts Down Developer Cliffhanger Games
Electronic Arts has reportedly cancelled its Black Panther game and shut down developer Cliffhanger Games. The cancellation marks the third round of cuts at EA this year and will result in an unspecified number of layoffs at the company.
-
TikTok Shop US Employees Told to Work From Home Amid Layoff Fears. Read Full Memo
The move is part of a restructuring of its operations as the company is facing immense regulatory pressures and business challenges in the US.
-
Even The AI Director Was Not Spared In Microsoft's Recent Layoffs, Tech Industry Concerned
According to Ms Queiroz, staff were asked to stop work immediately after being informed of the decision.
-
Company Responsible For Global IT Outage Last Year To Cut Jobs For AI Use
CrowdStrike became a publicly traded company in 2019 and had a revenue of $1 billion in March for the fourth financial quarter of 2025.
-
Meta Starts Eliminating Jobs in Shift to Find AI Talent
Meta has started notifying “low-performers” that they are being laid off. The company is scouring for new talent to dominate the AI race. The company is offering US-based employees severance packages that include 16 weeks of salary, in addition two weeks for each year of service.
-
BioWare Downsized to Less Than 100 Employees After Layoffs, Relocations: Report
Dragon Age and Mass Effect developer BioWare has reportedly been hit with layoffs and relocations, downsizing to less than half of its size from two years ago. The developer is said to have laid off over 20 employees and permanently moved several others to different teams across parent company Electronic Arts.
-
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.
-
Freshworks Announces 13% Workforce Reduction In Strategic Restructuring
Dennis Woodside, CEO of Freshworks, announced the company's decision to reduce its workforce by 13 per cent, impacting around 660 employees.
-
US Judge Says Elon Musk's X Must Face Class Action Age Bias Claims Over Mass Layoff
A US District Judge has ruled that roughly 150 older workers who were laid off by social media platform X when Elon Musk acquired the company can sue for age discrimination.
