Restructuring
5 stories
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techOracle Cuts 21,000 Jobs as Part of Major Restructuring
Oracle reduces workforce by 21,000, marking significant restructuring to boost AI and operational efficiency.
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techAmdocs to Cut Up to 3,000 Jobs in AI-Driven Restructuring
Amdocs plans to lay off up to 3,000 employees globally, representing about 10% of its workforce, as part of a major AI-focused reorganization.
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techCisco Posts Record Revenue, Slashes 4,000 Jobs in Restructuring
Cisco reported record quarterly revenue while announcing plans to cut 4,000 jobs, shifting focus to AI, security, and advanced networking.
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techCisco Cuts 4,000 Jobs, Pivots to AI as Orders Surge
Cisco restructures and cuts nearly 4,000 jobs to invest heavily in AI, raising its revenue outlook after a surge in hyperscaler orders.
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cryptoCoinbase Lays Off 14% of Staff, Pivots to AI-Native Operations
Coinbase cuts 14% of workforce as CEO Brian Armstrong pivots to leaner, AI-driven teams to navigate crypto market volatility and boost productivity.