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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 is cutting 3,200 jobs and divesting five studios as part of a major restructuring of its Xbox division, signaling a significant shift in strategy.
Starling Bank is cutting 130 jobs as it restructures its operations to focus on AI integration and global expansion.
Volkswagen plans to cut 100,000 jobs—about 15% of its workforce—as it undergoes its largest restructuring in history. The move reflects broader challenges facing the European automotive industry amid the transition to electric and autonomous vehicles.
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.
Three Xbox studios—Compulsion Games, Double Fine Productions, and Ninja Theory—are in talks to buy themselves out of Microsoft's gaming restructuring efforts.
GitLab is cutting 14% of its workforce and exiting 22 countries as it restructures for the 'agentic era' of software development.
Microsoft CEO Satya Nadella has quietly dismantled the company’s long-standing Senior Leadership Team (SLT), signaling a major restructuring aimed at enhancing agility and innovation in the AI era.
Meta is reassigning 7,000 employees to AI-focused roles while preparing additional layoffs, signaling a major shift in its corporate strategy.
Cisco announced record revenue of $58.7 billion while simultaneously planning 4,000 layoffs, signaling a strategic realignment toward cloud and software-driven solutions.
ZoomInfo beat earnings but cut guidance, announced 600 job cuts, and saw its stock plunge 29% amid AI disruption in the B2B data sector.
GitLab is cutting jobs and reorganizing its structure to embrace the agentic AI era, automating internal processes and reducing its global footprint by 30%.
