Mark Zuckerberg, CEO of Meta Platforms Inc META, shed light on the ongoing trend of layoffs within the tech industry, attributing it to a shift towards more efficient operational models. In an episode of…
In a strategic move to invest in generative artificial intelligence (AI), major tech companies have collectively cut 34,000 jobs since the beginning of 2024. What Happened: Companies such as Microsoft…
Cisco Systems, Inc. CSCO is reportedly set to restructure its operations, potentially resulting in thousands of job cuts as it aims to prioritize high-growth sectors. The exact count of affected employees is…
The closure of Toys For Bob in Novato, California adds to the uncertainty surrounding the future of the renowned game developer, known for titles like Crash Bandicoot, Spyro, and Skylanders.…
Amazon.com Inc AMZN has announced that it will lay off hundreds of employees at its One Medical and Pharmacy units as part of a major cost-cutting initiative. What Happened: These layoffs are part of a significant…