layoffs
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techLinkedIn to Cut 5% of Global Workforce in Latest Tech Layoffs
Microsoft-owned LinkedIn plans to lay off nearly 900 employees as part of a reorganization, despite strong revenue growth.
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cryptoCoinbase Cuts 14% of Workforce, Cites AI Restructuring
Coinbase and other crypto firms use AI as a reason for layoffs amid a market downturn. Executives frame cuts as proactive restructuring for efficiency.
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financeKyndryl Shares Tumble 10% on Earnings Miss, Announces Layoffs
Kyndryl shares fell 10.75% after Q4 earnings missed estimates. The company announces layoffs and a restructuring plan to improve margins.
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techFreshworks Slashes 11% of Workforce as AI Reshapes Software Industry
Business-software firm Freshworks cuts about 500 jobs, citing AI-driven automation and industry disruption.
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cryptoCoinbase Cuts 14% of Staff, Citing Crypto Downturn and AI Shift
Coinbase lays off roughly 700 employees, with CEO Brian Armstrong pointing to market volatility and AI-driven automation.
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techMeta Slashes Workforce by 10%, Axes 6,000 Roles in AI Overhaul
Meta Platforms Inc. announces major layoffs and role cancellations as it pivots workforce towards AI initiatives and operational efficiency. Company restructures to prioritize AI development.
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techMeta Plans First Wave of Layoffs for May 20, Targeting 8,000 Employees
Meta prepares for significant workforce reductions starting May 20, impacting approximately 8,000 employees as the company prioritizes AI development and efficiency.
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techSnap Cuts 1,000 Jobs, Embraces AI for Cost Savings and Efficiency
Snap Inc. lays off 16% of its workforce, approximately 1,000 employees, to save over $500 million annually as AI transforms its operations and code generation.