Layoffs

Meta Platforms, Inc. (NASDAQ:META) more than doubled its bonus plan for company executives after announcing layoffs for about 3,600 employees just last month.  The Details: According to an SEC filing, on Feb. 13, Meta approved a new bonus structure that raises the annual target bonus amount...

Meta Platforms, Inc. (NASDAQ:META) is facing intense criticism from former employees who say the company's latest round of performance-based layoffs unfairly targeted high performers, including those on parental and medical leave. What Happened: On Monday, Meta began cutting approximately 3,600...

Meta Platforms Inc. (NASDAQ:META) is reportedly set to initiate its anticipated company-wide layoffs next week. This move comes as the company is also expediting the hiring of machine learning engineers. What Happened: Meta has notified employees about upcoming layoffs on Friday, according to an...

Amazon.com Inc. (NASDAQ:AMZN) has announced a reduction in its workforce within the Fashion and Fitness division. Internal communications revealed that employees in San Diego, part of the F2 group, were among those laid off. What Happened: An Amazon spokesperson confirmed to Business...

Microsoft Corp (NASDAQ:MSFT) could pause hiring in part of its consulting business in the US, CNBC cites from an internal memo.  The company expects the cuts to affect less than 1% of its workforce. Rival tech companies — Alphabet Inc (NASDAQ:GOOG) (NASDAQ:GOOGL) Google, Amazon.Com Inc (...

An internal memo from Meta Platforms Inc. (NASDAQ:META) has unveiled a strategy to implement performance-based job cuts. What Happened: The memo, authored by Hillary Champion, Meta’s director of people development growth programs, instructs managers to classify employees into performance...

Editor's Note: This story has been updated with comments from Microsoft. Microsoft Corporation (NASDAQ:MSFT) plans to reduce its workforce, targeting employees not meeting performance expectations. What Happened: A spokesperson for Microsoft confirmed the upcoming job cuts to Business Insider but...

Google (NASDAQ:GOOGL) has reduced its top management roles by 10% as part of a multi-year effort to streamline operations and boost efficiency. What Happened: On Wednesday, CEO Sundar Pichai revealed during an all-hands meeting that the move reflects Google’s broader push to simplify its...

Boeing Co. (NYSE:BA) is set to lay off more than 2,500 employees across four U.S. states, including Washington, Oregon, South Carolina, and Missouri. This move is part of the company’s broader plan to cut 17,000 jobs, which accounts for 10% of its global workforce. What Happened: The layoffs...

Boeing Co (NYSE:BA) is issuing layoff notices to 17,000 employees as part of a broader effort to rightsize its workforce. The cuts, totaling 10% of the company's global headcount, come as the plane maker battles financial turbulence, including a shaky stock performance and production slowdowns....

Advanced Micro Devices (NASDAQ:AMD) has reportedly decided to lay off approximately 1,000 employees, representing 4% of its global workforce. What Happened: AMD is realigning its resources to compete with Nvidia Corporation (NASDAQ:NVDA) in the data center chip market, reported Reuters....

Tesla and SpaceX CEO Elon Musk’s social media platform X, formerly Twitter, is reportedly undergoing another round of layoffs. What Happened: X is experiencing a fresh wave of layoffs with the engineering department said to be the most affected, reported The Verge on Friday, citing two...

Meta Platforms Inc. (NASDAQ:META) has reportedly terminated several employees in Los Angeles for misusing meal credits. What Happened: Meta has dismissed around 24 employees in Los Angeles for utilizing their $25 meal credits to buy non-food items such as toothpaste and wine glasses, reported the...

Editor’s Note: This story has been updated to include a comment from a Meta spokesperson. Meta Platforms Inc. (NASDAQ:META) has confirmed layoffs across multiple teams, including Instagram, WhatsApp, and Reality Labs. What Happened: Meta has confirmed that several teams within the...

Leading U.S. consulting firm McKinsey & Company is reportedly downsizing its workforce in China, eliminating around 500 positions, which equates to about one-third of its employees in the region. This decision is part of a strategic move to address security concerns linked to its operations in...