Cisco Systems announced Wednesday that it is eliminating fewer than 4,000 positions, representing roughly 5% of its workforce, even as the company reported better-than-expected profit and revenue for its fiscal third quarter. The networking equipment maker framed the cuts as a strategic shift in its cost structure to prioritize investments in artificial intelligence and cybersecurity. […]
General Motors has laid off more than 10% of its information technology workforce — approximately 600 salaried employees — in a strategic move to replace legacy skills with AI-focused expertise. The automaker confirmed the cuts to TechCrunch, framing them as part of a broader transformation of its IT organization. A skills swap, not just a […]
Oracle terminated an estimated 20,000 to 30,000 employees on March 31 via email, cutting off VPN and Slack access before notifying them. The mass layoff, conducted in the name of AI restructuring, triggered a wave of frustration as workers discovered their severance terms were far less generous than those offered by other major tech companies. […]
Cloudflare on Thursday announced it would cut approximately 1,100 jobs, or 20% of its workforce, marking the first mass layoff in the company’s 16-year history. The decision came even as the internet security and performance company reported record quarterly revenue of $639.8 million, a 34% year-over-year increase. The layoffs, which affect teams across all geographies […]
Coinbase became the latest crypto company to cut its workforce this week, citing artificial intelligence as the driving force behind a major restructuring. The exchange joins Block and Crypto.com in a wave of layoffs that executives are framing not as emergency cuts, but as deliberate moves to build leaner, AI-native organizations. But industry observers and […]
PayPal is betting its future on artificial intelligence. Despite a falling stock price and looming layoffs, CEO Enrique Lores told investors during the first-quarter earnings call that the company must recommit to fundamentals. That includes becoming a technology company again. Lores explicitly stated that PayPal plans to aggressively adopt AI across its operations. This marks […]
New York, May 2025: In a move that underscores the persistent pressures within the digital asset industry, prominent cryptocurrency exchange Gemini has initiated a significant restructuring, resulting in workforce reductions of up to 25%. This decisive action, first reported by Bloomberg, signals a strategic pivot for the company founded by the Winklevoss twins, as it […]
New York, May 15, 2025: In a stunning strategic reversal, Gemini Trust Company, LLC, the cryptocurrency exchange founded by the Winklevoss twins, announced its immediate exit from the United Kingdom, European Union, and Australia markets on Thursday. The company simultaneously confirmed a massive 25% reduction in its global workforce, affecting nearly 200 employees. This dual […]
© Copyright 2026 [sc name="site-link"]
