Big Tech layoffs intensify as companies ramp up AI investments, cutting over 92,000 jobs in 2026 while hiring sentiment weakens amid ongoing workforce rationalisation
Meta told personnel in an internal memo on Thursday that it planned to cut 10 per cent of workers, or roughly 8,000 employees, starting on May 20
Salary delays have stretched to months while fleet size has dropped, pushing the cash-strapped airline to seek govt funding as competition, operational constraints intensify, a media report said
The BBC said Wednesday that it plans to cut up to 2,000 jobs to save 10% of its annual budget - 500 million pounds ($677 million) - over the next two years. The layoffs announced during a call with staff are the biggest in more than a decade at the UK national broadcaster. "I know this creates real uncertainty, but we wanted to be open about the challenge," interim Director-General Rhodri Talfan Davies said in a staff email. Davies said that the reductions were driven by inflation, pressures to license fee and commercial income and a turbulent global economy. The BBC said earlier this year that it faced "substantial financial pressures" and wanted to cut about a tenth of its budget by 2029. The bulk of the cuts are to be made in the next fiscal year beginning April 1, 2027. The cuts come as former Google executive Matt Brittin is scheduled to take over as director-general next month. He will fill the vacancy left after Tim Davie, and head of news Deborah Turness resigned over a .
Starting in Firozabad, where cooled furnaces and scattered shards of glass mirror fragile livelihoods, this six-part series traces the ripple of the West Asia war across India
Tech giant joins industry peers in pivoting towards AI infrastructure, triggering a massive workforce restructure across global and Indian operations
Impacted employees were informed that they could be laid off, subject to a redundancy consultation, according to a memo to staff
Infosys founder dismissed fears of AI-led job losses, saying technology shifts have historically generated new opportunities and demanded continuous learning and adaptability
The reduction in force, which was announced in a shareholder letter on Thursday, comes after rolling job eliminations that have often been tied to annual performance reviews
The British company expects savings of around 40 million euros from the reductions, with related costs of about 15 million euros
The Washington Post laid off one-third of its staff Wednesday, eliminating its sports section, several foreign bureaus and its books coverage in a widespread purge that represented a brutal blow to journalism and one of its most legendary brands. The Post's executive editor, Matt Murray, called the move painful but necessary to put the outlet on stronger footing and weather changes in technology and user habits. "We can't be everything to everyone," Murray said in a note to staff members. He outlined the changes in a companywide online meeting, and staff members then began getting emails with one of two subject lines - telling them their role was or was not eliminated. Rumors of layoffs had circulated for weeks, ever since word leaked that sports reporters who had expected to travel to Italy for the Winter Olympics would not be going. But when official word came down, the size and scale of the cuts were shocking, affecting virtually every department in the newsroom. "It's just ...
Amazon has announced yet another round of layoffs. This time, the company is gearing up to lay off around 16,000 employees globally
DeepMind co-founder Shane Legg has said that AI could replace many remote, computer-based jobs, shrinking teams and ending work-from-home roles
Around 4-6 per cent of HCCB's workforce is being cut as part of a restructuring drive, impacting teams across sales, supply chain, distribution and plant operations
Amazon's European headquarters in Luxembourg will see 370 job cuts in the coming weeks, the biggest in over 20 years, as the company trims staff and shifts focus to AI
Omnicom will cut over 4,000 jobs and close several well-known agency brands after its $13 billion takeover of IPG, as the company restructures to reduce costs and compete with big tech
The teams that are expected to be impacted will include those focused on product development, internal operations, and customer support, its CEO Enrique Lores said during a media briefing call
Amazon CEO Andy Jassy in the company's quarterly earnings call on Thursday clarified the reason behind the recent job cuts
The company has responded to the news report with a statement that these are projections made by only one division (its robotics division) and they are not necessarily correct
Amazon will lay off around 30,000 corporate employees this week, its largest job cut since 2023, as CEO Andy Jassy pushes cost control, AI-driven efficiency, and leaner operations