layoffs

Meta's chief people officer Janelle Gale indicated that further layoffs are possible, despite recent cuts affecting 8,000 employees. Gale acknowledged the impact on morale and stated the company will continue to manage costs responsibly and evolve teams as needed. CEO Mark Zuckerberg clarified that AI automation is not the primary driver of layoffs, though it enhances team efficiency.

Tech layoffs in 2026 have already surpassed 92,000 jobs across 98 companies, making it the worst year for tech employment since the post-pandemic bust. Meta, Amazon, Microsoft, Snap, Oracle, and Block are among the biggest names cutting staff, with AI infrastructure spending cited as the primary driver. But beneath the efficiency narrative lies a more complicated story—one of overhiring, debt, and a workforce reckoning that's far from over.

Coinbase is cutting about 14% of its global workforce, impacting around 700 jobs. This move is driven by the evolving role of artificial intelligence in operations and ongoing crypto market fluctuations. The company aims to streamline its structure and enhance efficiency. Restructuring is expected to conclude by the second quarter of 2026.

KPMG has initiated layoffs impacting around 400 employees in its US Advisory division, a move stemming from a strategic restructuring due to shifting demand in consulting services. While regulatory risk, customer operations, and financial services are affected, growth areas like AI and strategy remain strong. This follows earlier workforce adjustments in the audit business.

For years, the narrative of "finding your passion" blurred livelihood with purpose. layoffs are now exposing its fragility.

AWS CEO Matt Garman says Amazon is hiring 11,000 software development engineer interns and early-career hires in 2026, pushing back on fears that AI is eliminating software engineering jobs. His comments come after Amazon's two biggest layoff rounds in six months—30,000-plus corporate cuts in total—and amid warnings from other tech leaders that AI coding tools are fundamentally disrupting the profession. Garman acknowledges the role is changing, but insists demand for developers is accelerating.

Meta is laying off approximately 10% of its workforce, impacting about 8,000 employees on May 20, while also closing 6,000 open positions. This significant reduction comes as the company aggressively invests in AI infrastructure, prioritizing roles aligned with this strategic direction. Employees face a period of uncertainty and stress leading up to the layoffs.

Oracle has laid off thousands of employees. A former employee, Nina Lewis, shared her experience on LinkedIn. She suggested job cuts followed an algorithm targeting high-level contributors and mid-level managers. Her post has gained significant attention online. Many others affected by the layoffs have resonated with her message. The situation has sparked widespread discussion.

Oracle has staked its entire future on a $300 billion deal with a company that doesn't make money, funded by debt it can't service from operations, built by contractors it doesn't control. Its stock has lost half its value. Thousands of employees have lost their jobs. And its response has been to post on X. This is the story of how Oracle's biggest bet became its biggest liability—and why every reassurance is making it worse.

Evangeline Lilly publicly criticized Disney for recent Marvel Studios layoffs, including artist Andy Park. She expressed outrage over the company allegedly replacing human artists with AI, questioning the ethics of using their work for profit. Lilly lauded the creative community, vowing to remember their contributions.

Former Tesla HR chief Valerie Capers Workman believes fears of AI replacing white-collar jobs are overstated. She suggests AI will augment human capabilities, allowing professionals to focus on strategic tasks rather than being entirely replaced. Workman urges adaptation and skill-building to leverage AI for business outcomes, predicting a more productive future.

Harvard University will reinstate merit-based salary increases for the 2026-27 fiscal year across several key schools, signaling a partial financial recovery. This move follows last year's federal funding cuts and subsequent austerity measures, including a hiring freeze and program reviews. While some schools are resuming raises, others are still assessing their financial situations amidst ongoing restructuring and legal challenges.

Starbucks is reportedly cutting jobs within its technology teams as part of a significant restructuring. This move aims to sharpen focus and reallocate resources effectively under new CEO Brian Niccol's turnaround plan. These layoffs follow previous workforce reductions and store closures, signaling a broader effort to streamline operations and address financial pressures.

Meta is preparing to lay off approximately 10% of its global workforce, impacting around 8,000 employees on May 20. This decision, announced by Chief People Officer Janelle Gale, aims to increase efficiency and offset significant AI investments. The company will provide generous severance packages and career support to affected employees.

Oracle faces a significant bank-debt challenge due to its massive data centre expansion for OpenAI, reportedly requiring $300 billion. Lenders struggle with exposure limits, impacting their ability to finance these projects. This comes as Oracle also plans substantial job cuts, highlighting financial pressures despite efforts to secure funding.

Meta CTO Andrew Bosworth shut down any hopes of opting out of the company's new AI tracking tool, telling employees directly that there's no choice in the matter. The Model Capability Initiative logs keystrokes, mouse movements, and screenshots on work computers to train Meta's AI agents—all while the company prepares to cut 8,000 jobs. Employees are calling it dystopian. Meta is calling it necessary.

Microsoft is offering voluntary retirement to approximately 7% of its US workforce, marking its first such program in 51 years. This softer approach, unlike previous layoffs, aims to manage costs and reputation amid stock price pressure and AI infrastructure spending. The offer, based on an age and tenure formula, provides a choice for eligible employees.

Meta is cutting close to 8,000 employees on May 20 in the first wave of what could be its biggest round of layoffs ever—surpassing even the 2022–23 "year of efficiency." A second wave is planned for later in 2026, with details still being finalised. The cuts are tied to Zuckerberg's massive AI spending push, with roles in sales, recruiting, middle management, and non-AI-adjacent functions considered most at risk.

Mitchell Starc made a dominant return after a three-month injury layoff, taking three crucial wickets for 40 runs. He dismissed key batsmen, including Yashasvi Jaiswal, Ravindra Jadeja, and Riyan Parag, showcasing his fitness and impact. Starc expressed relief and confidence in his performance, dismissing retirement speculation despite visible strapping.

Microsoft's CFO Amy Hood indicated a workforce reduction in upcoming quarters, citing a drive for increased pace and agility. This follows recent job cuts and employee buyouts. Despite these changes, the company reported strong financial results, with significant growth in Microsoft Cloud and AI revenue, demonstrating robust customer adoption and progress.

Chennai Super Kings kept their IPL 2026 playoff hopes alive with a dominant eight-wicket victory over Delhi Capitals. Sanju Samson's unbeaten 87 anchored a smooth chase after a clinical bowling performance restricted DC to 155. The win keeps CSK firmly in contention for a playoff berth.

Jasprit Bumrah is experiencing a difficult IPL 2026 season, having taken only three wickets in ten matches, contributing to Mumbai Indians' struggles. Despite a recent win, Bumrah's performance against Lucknow Super Giants, including multiple no-balls, drew criticism from Sunil Gavaskar. Rohit Sharma and Ryan Rickelton's partnership secured Mumbai's victory.

nthropic CEO Dario Amodei keeps predicting that AI will trigger mass unemployment on a global scale. But with an Anthropic IPO reportedly targeting a $900 billion valuation, his warnings may be doing double duty—as both public service and investor pitch. Anthropic's own labor research shows the reality is far more gradual. And voices from Sam Altman to Meta's Yann LeCun are increasingly pushing back.

A steep Rs 993 hike in commercial LPG cylinder prices is forcing Hyderabad restaurants to overhaul operations, with many switching to wood, electricity, and induction cooking. This surge in input costs is nearly tripling expenses, leading to menu redesigns, longer cooking times, and potential layoffs in the hospitality sector.

Liverpool's star forward, Alexander Isak, finds himself sidelined once again, this time with a groin strain, just as he was on the verge of a full recovery from his fractured fibula. While the injury isn't as severe, it continues to cloud his already tumultuous season, raising concerns about Liverpool's attacking depth.

Google DeepMind UK employees are forming the world's first union at a frontier AI lab to protest the company's AI deal with the US government. Workers aim to halt the use of Google's AI tools by the US Department of War and the Israeli military, seeking to reinstate ethical commitments and gain a voice in company decisions.