Layoffs

Oracle Corp (NYSE:ORCL) dreams of AI, but even with more than $6 billion in profits, it’s still short on cash. The solution? Fire thousands of employees. Roughly 18% of the company’s global workforce reportedly received a 6 a.m. termination email on Tuesday from “Oracle...

The year 2026 began with the highest layoffs in January since 2009 amid a rise in the usage of artificial intelligence (AI) and warnings from industry leaders and experts about threats to employees. Oracle Announces Layoffs Oracle Corp. (NYSE:ORCL) has become the latest to announce layoffs,...

Atlassian Corp (NASDAQ:TEAM) shares are trending upward on Thursday. The move follows strategic cost-cutting measures and a recent workforce reduction. Investors are weighing a 10% cut in the global workforce against long-term AI goals. • Atlassian stock is trading near recent lows....

Block Inc. (NYSE:XYZ) shares rallied in Thursday's extended trading after the company released its fourth-quarter earnings report and announcing massive headcount reductions. Here's a look at the details from the report    XYZ stock is moving. Watch the price action here. The...

On Wednesday, Amazon (NASDAQ:AMZN) did another round of layoffs. The latest 16,000 reductions leaked out via an accidentally sent internal email, bringing the total cut to around 30,000 since October, or 10% of the corporate workforce. Just a decade ago, layoffs of this scale would have triggered...

Amazon.com Inc. (NASDAQ:AMZN) inadvertently sent an email to its cloud division employees, indicating impending layoffs. This revelation comes amidst ongoing efforts by the tech giant to streamline its operations. Organizational Changes At Amazon Amazon mistakenly sent an email to its cloud staff...

On Friday, Deepwater Asset Management's managing partner Gene Munster said that executives find it difficult to discuss AI-driven job reductions. Munster Highlights C-Suite Reluctance On AI And Job Losses Taking to X, Munster said, "One truth about how AI is impacting the workforce is that it...

On Friday, Deepwater Asset Management's managing partner Gene Munster said that executives find it difficult to discuss AI-driven job reductions. Munster Highlights C-Suite Reluctance On AI And Job Losses Taking to X, Munster said, "One truth about how AI is impacting the workforce is that it...

Amazon.com Inc. (NASDAQ:AMZN) is reportedly set to begin its next wave of mass layoffs affecting its white-collar corporate workers in its effort to streamline its bureaucracy and drive efficiencies. Amazon To Begin Next Round of Layoffs The Seattle-based company plans to begin issuing pink slips...

Accuray Incorporated (NASDAQ:ARAY) announced the first phase of a broad strategic, operational and organizational transformation designed to tighten cost controls, clarify accountability and accelerate execution, with management targeting a meaningful improvement in profitability once the changes...

Amazon.com Inc (NASDAQ:AMZN) is continuing a broad restructuring of its global workforce as it balances cost controls with heavy investment in artificial intelligence and cloud infrastructure. • What’s ahead for AMZN stock? Amazon Plans Deep Luxembourg Job Cuts The company is set to...

There has been a surge in layoffs across leading U.S.-based companies in recent weeks, signaling growing stress and cracks in the domestic labor market. Labor Market Shows Cracks On Tuesday, in a post on X, The Kobeissi Letter highlighted a string of recent layoff announcements by some of the...

Amazon.com Inc (NASDAQ:AMZN) could be overshadowed by recent negative headlines when it reports third-quarter financial results on Thursday after market close. Here are the earnings estimates, and the key items to watch. Earnings Estimates: Analysts expect the e-commerce giant to report third-...

The U.S. Supreme Court on Tuesday removed a key legal barrier to President Donald Trump‘s mass federal workforce reduction plans, potentially affecting tens of thousands of government employees while reshaping bureaucratic operations that impact market sectors from defense contracting to...

As Microsoft Corporation (NASDAQ:MSFT) reels from sweeping layoffs affecting 9,100 employees, an Xbox executive's suggestion to use AI chatbots for emotional support has ignited fierce backlash online. What Happened: Last week, Matt Turnbull, a leader at Xbox Game Studios, posted on LinkedIn that...