Layoff

Meta, Microsoft plan job cuts, buyouts that may affect up to 23,000 roles

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

SpiceJet preparing for layoffs as financial troubles intensify: Report

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

BBC announces up to 2,000 job cuts to reduce costs by about 10% over 2 yrs

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 .

Snap to cut 1,000 jobs after activist push, bets on AI efficiency

The activist investor has an economic interest of about 2.5 per cent in the company

Disney to cut 1,000 jobs in first layoffs under new CEO Josh D'Amaro

While the cuts are company wide, they will fall particularly hard on the marketing department, which is being consolidated under Asad Ayaz, who was appointed chief marketing and brand officer in Jan

Companies must take responsibility: Nites flags AI-driven layoffs

IT employees' body NITES has exhorted tech firms to prioritise reskilling over layoffs, while calling for policy intervention to bring stronger safeguards and mandatory severance norms to protect white-collar workers, as aggressive AI build-outs by industry trigger job cuts and uncertainty for workforce. Nascent Information Technology Employees Senate (NITES) has argued that although tech profits remain strong, weakening job security raises serious questions about corporate responsibility and accountability. "First, companies must take responsibility. If they are investing in AI, they should also invest in reskilling their existing workforce," NITES president Harpreet Singh Saluja told PTI. Job cuts should be the last option, not the first, he said, urging policymakers to intervene immediately, to shield workers by enforcing clear workplace guidelines on layoffs, mandatory notice periods, fair severance, and employer accountability. "India still lacks strong legal protection for ..

Early morning pink slips from Oracle a wakeup call on AI transition?

Tech giant joins industry peers in pivoting towards AI infrastructure, triggering a massive workforce restructure across global and Indian operations

Oracle's mass layoffs explained: 30,000 jobs cut globally, over 2,500 hit in India | Job cut

Oracle’s global layoffs, impacting up to 30,000 employees, have now reached India, with over 2,500 jobs cut. As the tech giant doubles down on AI and data centres,

Oracle lays off 12,000 employees in India; another round likely in a month

US-based IT firm Oracle is believed to have laid off approximately 12,000 staff in India, with another round of layoffs expected within a month, impacted employees said on Tuesday. Globally, the company has fired around 30,000 employees. "In India, around 12,000 employees have been laid off. The company is planning another mass layoff within a month," said two people impacted by the retrenchment, including one from the company's human resource department. The company has approximately 30,000 employees in India, including those affected by the layoffs. Oracle declined to comment on the development. Oracle, in an email sent to staff, said the employees were informed about certain organisational changes and "because of these changes, a decision has been taken to streamline the operations, and as a result, unfortunately, the position you currently hold will become redundant". The company has offered 15 days' salary to each employee who has completed a year of service in India, in add

KPMG plans to cut jobs in auditing division, up to 440 jobs at risk in UK

Impacted employees were informed that they could be laid off, subject to a redundancy consultation, according to a memo to staff

Microsoft overhauls HR team, calls for faster pace in AI-driven era

Microsoft has announced major changes to its HR team, with its Chief People Officer urging employees to embrace adaptability and a faster pace amid rapid AI-driven workplace transformation

Meta is laying off hundreds of employees across multiple teams: Report

Meta had nearly 79,000 employees as of December 31, according to its annual filing

Disney CEO Josh D'Amaro's first week marred by 'Fortnite,' OpenAI woes

D'Amaro took over as CEO from Bob Iger on March 18

HSBC considers 20,000 job cuts as AI drives overhaul of operations

Non-client facing roles in global service centres are among those expected to be most impacted although the assessment is at an early stage

Meta may cut around 20% of workforce amid rising costs of AI investments

Meta is considering job cuts that could affect about 16,000 employees as the company ramps up spending on artificial intelligence infrastructure, data centres, and AI-driven tools

Tech Mahindra denies buzz around plan to lay off 30,000 employees

Tech Mahindra has denied social media claims that it plans large-scale layoffs, clarifying in an exchange filing that no such proposal is under consideration amid speculation of a 30,000 cut

Flipkart lays off 250-300 employees after reviewing performance

Layoffs affect roughly 2% of workforce as Walmart-backed e-commerce firm tightens operations and prepares for a potential IPO

Oracle plans thousands of job cuts amid costly AI data centre expansion

The reductions being planned are expected to be wider-reaching than the company's typical rolling job cuts

Morgan Stanley lays off 2,500 employees despite record profits in 2025

Job cuts hit bank's three major business segments: Investment banking and trading, wealth management, and investment management

As the AI juggernaut bites, Jack Dorsey's 'Block' to cut 4,000 roles

Block chairman Jack Dorsey said the layoffs were not driven by financial distress but by rapid advancements and adoption of AI tools reshaping how the company operates