job layoffs

Meta Platforms, Inc. (NASDAQ:META) is reportedly weighing layoffs that could affect as much as one-fifth of its workforce as CEO Mark Zuckerberg ramps up spending on artificial intelligence and data center infrastructure. A timeline for the potential layoffs has not been finalized, and the final...

Amazon.com, Inc. (NASDAQ:AMZN) has reportedly cut additional jobs in its robotics division. Robotics Unit Hit By Latest Layoffs Amazon has laid off employees in its robotics organization, Reuters reported on Wednesday, citing two people familiar with the matter. The team was responsible for...

Verint Systems has laid off hundreds of employees, including several in Israel, nearly six months after private equity firm Thoma Bravo acquired the software company for $2 billion, Israeli tech news outlet CTech reported. Verint’s global headcount stood at approximately 3,800 before the cuts...

Netflix Inc (NASDAQ: NFLX) is giving its film group a revamp in the form of consolidation. The streaming giant also wants to focus on making fewer but better films going forward. What Happened: Netflix is set to combine units that make small and midsize films, which will...

Are people’s concerns about artificial intelligence replacing the human workforce becoming a reality? What Happened: Tech website CNET is reportedly laying off a significant number of employees after news surfaced that it uses AI to generate articles. CNET is firing several employees,...

Cryptocurrency exchange OKX is considering a potential workforce reduction, a company spokesperson said. The OKX spokesperson declined to reveal the exact number of the potential layoffs, but stated it may effect less than 1% of OKX's global workforce. Employees that will be...