Layoff

Virgin Media O2 may cut up to 4,000 jobs in major cost-cutting exercise

British telecoms operator Virgin Media O2 is considering cutting up to 4,000 jobs as part of a major restructuring, Sky News reported

Microsoft's Voluntary Exit Offer: Eligibility, benefits, deadline and more

Microsoft's VEO covers eligible employees at level 70 and below in selected teams across India, the US, the UK and Canada, with individual exit terms and benefits subject to eligibility

Microsoft offers voluntary exit to 60K employees in India, 3 other nations

Microsoft has about 23,000 employees in India, although there is no immediate clarity on how many of them would be eligible for the voluntary exit programme

Barclays to cut 5,000 jobs as the bank expands AI use to reduce costs

Barclays plans to cut about 5% of its workforce as it adopts AI to reduce costs, while third-quarter fixed-income trading revenue fell 19% and equities revenue jumped 47% year-on-year

Netflix to cut 1,000 jobs in biggest layoff round since 2022: Report

The company employed about 16,000 people at the end of last year, more than half of whom work in the US

Amazon cuts around 1,000 jobs; India retail employees among those hit

Amazon has cut nearly 1,000 white-collar jobs, affecting employees in India, the US and the UK. The layoffs mainly impact its Stores unit as the company expands its focus on AI

12 yrs of sacrifices & locked login: Wife's LinkedIn post on Oracle layoffs

He worked through Holi and Diwali, birthdays and anniversaries, stayed on call during vacations and even logged in from a hospital while his wife underwent surgery. After 12 years at Oracle, Pooja Sahu said her husband, Sourabh, found himself among those impacted by the technology giant's latest layoffs. The most painful part, perhaps, was that he found out he had lost his job when he could no longer log into his work system. "This post is for everyone who works day and night to provide for their families, especially amid visa uncertainty, yet still gives their best every day," she wrote. Sahu's account is among a wave of emotional posts that have surfaced on social media over the past hours around the latest job cuts at Oracle, with employees, their relatives and friends penning accounts of sudden exits, uncertainty, and careers suddenly upended. The individuals concerned could not be reached immediately, and the personal accounts shared by family members and friends could not be

Samsung India begins layoffs as costs rise, nearly 100 affected: Report

Samsung India's job cuts span multiple levels, with director-level officials, team leads, branch managers and area managers among those affected

Volkswagen board approves plan to cut 50K more jobs, close 4 German plants

Volkswagen's board of directors on Thursday approved a sweeping cost-cutting plan that would see 50,000 jobs cuts, slim its model line by half and end auto production at four German plants. On top of 50,000 job losses already previously agreed, the company would lose 100,000 positions. The plan put forward by CEO Oliver Blume to counter low-cost competition in China and headwinds from US tariffs overcame resistance from employee representatives and the regional government, which holds a stake in the company.

How to handle your finances after a job loss: Cut costs, manage debt wisely

How to pare discretionary expenses, handle investments and debt, and migrate from a group to a personal health insurance policy

The 'Bard of Google' spins a tale of tech idealism and disillusionment

Claire Stapleton's Don't Be Evil recounts her 12 years at Google, the 2018 employee walkout and her growing disillusionment with the company's culture and corporate values

Visa's AI push claims 1,400 jobs in sweeping India workforce cuts

Nearly 40% of Bengaluru tech centre's workforce laid off in first major retrenchment since 2015

Private bank attrition eases in FY26 amid digitisation-led workforce cuts

ICICI Bank, Axis Bank and Kotak Mahindra Bank reported lower attrition in FY26, while HDFC Bank saw a marginal rise as technology and digitisation reduced headcount

Amazon cuts jobs in AGI unit as it sharpens focus on key AI projects

The layoffs come as Amazon reorganises its Artificial General Intelligence (AGI) business, consolidating teams and redirecting resources towards projects with the greatest customer impact

Samsung cuts US jobs, offers relocations ahead of headquarters move

Samsung has cut jobs in its US consumer electronics business as it relocates its headquarters to Texas while prioritising growth in AI-driven chip operations

26 employees sue Meta over alleged use of AI to select workers for layoffs

A group of 26 Meta employees has sued the company, claiming it used artificial intelligence systems to select people for layoffs, disproportionately targeting those on medical, parental or family leave. They are among the 8,000 employees, or about 10 per cent of its workforce, Meta said it would lay off in May. The lawsuit filed late Monday in federal court in Oakland, California, claims the company used internal AI systems, keystroke and activity-monitoring data, AI token-usage dashboards and algorithmically assisted performance rankings, among other methods, to determine who would be laid off. Many of these scores and ratings "by design, cannot be accumulated by an employee who is on protected medical or family leave, or whose output is reduced by a disability," the lawsuit says. Meta, according to the lawsuit, did not account for protected leave when taking employees' scores into account and "did not pause the system for the individualised, leave- and accommodation-neutral review

Opendoor shuts India operations, lays off 250 employees amid AI push

Layoffs reflect rising concerns over AI-driven job displacement in entry-level and back-office roles, alongside growing US policy pressure to shift more work onshore

StanChart planning to lay off thousands of support staff amid AI push

London-headquartered bank said it would cut corporate functions roles by more than 15 per cent by 2030 and scale practical uses of AI to streamline processes

Cisco to cut nearly 4,000 jobs in AI-focused restructuring as orders surge

The company said it was making strategic investments in silicon, optics, security and employees' use of AI across the company, as it reduces roles in some areas

AI-driven layoffs? Cloudflare cuts 1,100 jobs: Know why

Cloudflare is set to cut more than 1,100 jobs globally, reducing about 20 per cent of the workforce, as it restructures operations around adopting artificial intelligence tools.