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Microsoft is laying off 4,800 employees as it begins its new financial year, following a previous round of cuts that eliminated around 9,100 jobs last year. Most affected employees are in the commercial sales business or the Xbox division.
Microsoft has announced layoffs affecting nearly 5,000 employees, primarily in Xbox and commercial sales divisions, amid broader industry concerns about AI-driven job displacement.
Microsoft is preparing to cut under 2.5% of its workforce in a fresh round of layoffs, targeting thousands of roles across sales, consulting, and other departments.
Learn how AI automation is affecting jobs in the tech industry and what it means for workers and society.
Lucid Motors has cut 18% of its workforce and eliminated its second production shift as it restructures under new leadership. The EV maker is aiming to reduce costs amid tough market conditions and production challenges.
Robinhood CEO Vlad Tenev's 10% layoffs note stands out for its omission of AI as a justification, unlike many tech peers who cite AI-driven restructuring.
Rivian has laid off hundreds of workers, less than 2% of its workforce, as it seeks to achieve profitability amid financial losses and increasing competition in the EV market.
Finance fintech Pleo announced AI agents to automate administrative tasks just one day before laying off 50 employees, mostly engineers and data staff. The move highlights the growing tension between AI innovation and workforce stability.
Sam Altman's eye-scanning identity verification company Tools for Humanity is reportedly undergoing layoffs amid struggles to generate revenue. The company's challenges highlight the difficulties of monetizing innovative biometric technology.
ClickUp has cut 22% of its workforce as part of a strategic shift toward AI, with remaining employees set to receive significant pay increases. The company aims to realign its operations for future growth in the AI space.
Meta has begun implementing a 10% workforce reduction, starting with its Singapore office where employees were notified at 4 a.m. local time. The layoffs are part of a broader strategy to enhance operational efficiency amid evolving AI market dynamics.
Meta employees are rushing to cash in on benefits like headphone stipends and other perks before upcoming layoffs. The company plans to cut about 8,000 jobs, or 13% of its global workforce, as part of a broader cost-cutting strategy.
