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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

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Bpost CEO Chris Peeters confirms social agreement with unions, but transformation plan remains unresolved

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vrtnws.be2d ago

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

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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

Oracle is reportedly considering cutting up to 30,000 jobs and selling its Cerner healthcare unit to fund AI data-center expansion, as US banks show signs of retreating from Oracle's cloud services. Analysts warn that Oracle's $300 billion OpenAI deal is built on backlog with no

Newstechnologybusinesscloud computing

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

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

Newstechnologybusinesscorporate restructuring

mynorthwest.com4mo ago

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

Newstechnologybusinesscorporate restructuring

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

Newstechnologyartificial intelligencebusiness

AI7mo ago

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

Amazon has confirmed plans to cut approximately 14,000 corporate jobs globally, citing the need to reorganize more leanly to capitalize on artificial intelligence opportunities. The announcement comes after earlier reports suggested up to 30,000 layoffs. The tech giant's senior v

Newstechnologybusinesscorporate restructuring

bbc.com·Hacker News: Front Page·7mo ago·6 min read

Meta Cuts 600 AI Roles While Continuing Superintelligence Team Hiring

Newstechnologyartificial intelligencebusiness

theverge.com7mo ago

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

Bpost CEO Chris Peeters confirms social agreement with unions, but transformation plan remains unresolved

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