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Wix CEO cites AI and currency pressures in announcing 20% workforce reduction

Wix CEO Avishai Abrahami announced the company is cutting approximately 1,000 employees (20% of its global workforce) — the largest layoff in company history. The announcement was made publicly on X (formerly Twitter) and sent directly to all employees. Abrahami cited AI as a key

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bit.ly·Tech by Flipboard·1d ago·4 min read

Ousted '60 Minutes' Correspondent Cecilia Vega Warns of Political Bias Under New Management

Newspoliticsmedianews

Variety3d ago

Fred Media Expands European Operations with Two Hires and Expanded Role for Kate Llewellyn-Jones

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Deadline3d ago

Oracle Considers 30,000 Job Cuts and Cerner Sale to Fund AI Data Center Expansion Amid US Bank Retreat

Newstechnologybusinesscloud computing

cio.com2mo ago

Block Cuts Nearly Half of Workforce in Strategic Shift to AI-Focused Operations

Block, the financial technology company founded by Jack Dorsey, is cutting nearly half of its workforce (over 4,000 jobs) as it shifts focus to become an "intelligence-native" company. The company will shrink from over 10,000 employees to less than 6,000. Dorsey emphasizes this i

Newstechnologyartificial intelligencebusiness

AI | The Verge·3mo ago·2 min read

Pinterest Announces 15% Workforce Reduction to Focus on AI Initiatives

Pinterest is laying off approximately 15% of its workforce (around 700 employees) and reducing office space to reallocate resources toward artificial intelligence initiatives. The layoffs are part of three "transformation initiatives" and should be completed by September 30, 2026

Newstechnologyartificial intelligencebusiness

AI | The Verge·4mo ago·2 min read

Amazon Plans Additional 14,000 Layoffs Following October Workforce Reductions

Amazon is reportedly preparing for another major round of layoffs affecting approximately 14,000 employees, following a similar round in October. The layoffs are part of a broader effort to reduce Amazon's workforce by around 30,000 employees and will include positions within Ama

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mynorthwest.com·Hacker News: Front Page·4mo ago·3 min read

Ubisoft cancels six games including Prince of Persia remake and closes Stockholm studio

Newsbusinessgamingcorporate restructuring

bbc.co.uk4mo ago

Anthropic Restructures Leadership to Expand Internal Incubator 'Labs' Team

Newstechnologybusinessai industry

AI4mo ago

Meta lays off 10% of Reality Labs division, shifts focus from metaverse to wearables

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AI4mo ago

Cherry Faces Financial Crisis: Discontinues German Production, Outsources to China, Considers Selling Core Division

Newstechnologybusinessmanufacturing

heise.de6mo ago

OpenAI Completes For-Profit Restructuring and Strikes New Microsoft Deal

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AI7mo ago

Amazon confirms 14,000 corporate job cuts to streamline for AI opportunities

Newstechnologybusinesscorporate restructuring

bbc.com7mo ago

Meta Cuts 600 AI Roles While Continuing Superintelligence Team Hiring

Meta is cutting approximately 600 roles within its AI division, specifically impacting the Fundamental AI Research (FAIR) unit and AI product/infrastructure teams. However, the company continues hiring for its newly formed superintelligence team called TBD Lab. This comes after M

Newstechnologyartificial intelligencebusiness

theverge.com·Hacker News: Front Page·7mo ago·2 min read

Accenture announces $865m restructuring plan, may exit staff who cannot be retrained for AI era

Newstechnologybusinesscorporate restructuring

ft.com8mo ago

Wix CEO cites AI and currency pressures in announcing 20% workforce reduction

Ousted '60 Minutes' Correspondent Cecilia Vega Warns of Political Bias Under New Management

Fred Media Expands European Operations with Two Hires and Expanded Role for Kate Llewellyn-Jones

Intuit lays off 3,000 employees to shift focus toward AI development

Meta Lays Off Hundreds of Employees While Increasing AI Investments

Digg Announces Team Downsizing Amid Product-Market Fit Challenges in 2026

Oracle Considers 30,000 Job Cuts and Cerner Sale to Fund AI Data Center Expansion Amid US Bank Retreat

Block Cuts Nearly Half of Workforce in Strategic Shift to AI-Focused Operations

Pinterest Announces 15% Workforce Reduction to Focus on AI Initiatives

Amazon Plans Additional 14,000 Layoffs Following October Workforce Reductions

Ubisoft cancels six games including Prince of Persia remake and closes Stockholm studio

Anthropic Restructures Leadership to Expand Internal Incubator 'Labs' Team

Meta lays off 10% of Reality Labs division, shifts focus from metaverse to wearables

Cherry Faces Financial Crisis: Discontinues German Production, Outsources to China, Considers Selling Core Division

OpenAI Completes For-Profit Restructuring and Strikes New Microsoft Deal

Amazon confirms 14,000 corporate job cuts to streamline for AI opportunities

Meta Cuts 600 AI Roles While Continuing Superintelligence Team Hiring

Accenture announces $865m restructuring plan, may exit staff who cannot be retrained for AI era