massive layoffs

Oracle tells Snap: The $4 billion giant will lay off thousands of employees in the first four months of 2026 to promote artificial intelligence

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Hindustan Times News

The first four months of 2026 marked a brutal shift in the global employment landscape, with $4 billion giants announcing massive layoffs. different from tradition layoffs Driven by financial losses, this latest wave is largely determined by a strategic pivot toward artificial intelligence. Big tech companies are cutting thousands of jobs to reallocate billions of … Read more

Meta says it will cut nearly 8,000 jobs in May: Read internal memo from execs

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Hindustan Times News

Mark ZuckerbergMeta plans to cut 10% of its workforce in May. The company’s decision will affect approximately 8,000 employees, according to Bloomberg. Employees were informed of the development in an internal memo shared by Meta chief people officer Janelle Gale. The decision comes amid the company’s increased spending on artificial intelligence (AI) projects. Meta reportedly … Read more

Snap CEO Evan Spiegel appears at Coachella days before announcing 1,000 layoffs: ‘Man, $$$$ is chilling’

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Hindustan Times News

snapshot company CEO Evan SpiegelIn a report on April 15, it was announced that the job roles of approximately 1,000 Snap team members would be affected due to certain changes at the company. He described it as an “extremely difficult decision” and said he was “deeply sorry” to his colleagues who were leaving the company. … Read more

Oracle files thousands of H-1B visa applications ahead of massive layoffs? Report a claim

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Cricket in L1

just a few days later Oracle The software giant fired 16,000 corporate employees via an email at 6:00 a.m., but is facing an online backlash over its hiring practices. The New York Post cited U.S. Citizenship and Immigration Services data as saying that the company submitted approximately 3,126 H-1B visa applications for foreign workers in … Read more

Who is Oracle senior executive Sharat Chander? Veterans of 2016 experience massive layoffs

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Cricket in L1

Oracle The company has initiated massive layoffs around the world, affecting employees around the world, as it shifts resources toward artificial intelligence infrastructure. The layoffs involve top leadership, including a 16-year veteran director. Sharat Chander announced on Twitter that he has been sacked. Cloud computing company Oracle has laid off thousands of employees worldwide. (no … Read more

Jack Dorsey’s Block Techie who survived mass layoffs offered 75% pay rise, but she quits

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Cricket in L1

An employee of Jack Dorsey’s Block claims she resigned from the company immediately after it laid off 40% of its staff. Despite being offered a retention package that included a 75% raise and a one-time bonus, the technician chose to leave the next day. In a detailed post, she explained that she couldn’t justify profiting … Read more