Meta cuts over 1,000 Reality Labs jobs to focus on AI-powered smart glasses and mobile metaverse experiences.
Tags: Job cuts
Dell Reduces Workforce Again, Citing Cost Management and Restructuring Efforts
Dell Technologies cuts workforce for the third year as it reduces costs and shifts focus toward AI-driven growth.
Saks Global Announces 1,200 Job Cuts Amid Bankruptcy Restructuring
Saks Global plans 1,200 job cuts and 15 store closures as part of its bankruptcy restructuring.
Oracle Faces Investor Concerns as AI Expansion Triggers Massive Job Reductions
Oracle plans thousands of layoffs as it spends billions expanding AI data centers, raising new concerns among investors about rising costs.
Beer Giant Heineken to Eliminate Up to 6,000 Roles, Sees Slower Growth
Heineken plans to cut up to 6,000 jobs worldwide as it faces slower growth and industry challenges in 2026.
Latest News
U.S. layoffs hit 950,000 in 2025, marking the highest level since 2020 amid a slowing job market and reduced hiring.
Lufthansa will cut 4,000 administrative jobs by 2030 in its biggest post-pandemic shakeup, aiming to boost efficiency through digitalization and AI.
Nissan to cut 20,000 jobs and close 7 plants after merger talks with Honda collapse.
Intel announces job cuts and office changes after reporting a $821 million loss in Q1 2025.
The majority of the layoffs will be completed by the end of 2024, Intel said. Chip maker Intel on Thursday announced it plans to lay off more than 15,000 workers after it lost more than $1 billion in revenue in the second quarter.
Intel announced that it was making thousands of jobs redundant in order to reduce costs and to be able to afford an ambitious effort to rebound from an earnings slump and recent weak market share performances.
British luxury clothing retailer Burberry announced that it was making hundreds of jobs redundant after allegedly initiating a restructuring program as a reaction to a drop in profits.
Sony announced that it would phase out recordable disc development and production after cutting up to 250 jobs at its optical media unit in northeastern Japan.
Upside Foods announced that they were letting go of 26 of its staff and restructuring its executive and leadership teams to delegate processes more directly to staff due to legislative, regulatory, and financial issues.
