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Tag: Job cuts

All Finances

Epic Games lays off 1,000 workers as concerns grow over Fortnite’s momentum

March 25, 2026March 25, 2026 - by cmedia

IBNS-CMEDIA: Epic Games on Tuesday confirmed it will lay off around 1,000 employees, citing a decline in engagement with its flagship online game, Fortnite. In a note to staff, CEO Tim Sweeney apologised …

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Canada / Finance/Business

The CBSA to slash positions at national headquarters

February 28, 2026February 28, 2026 - by cmedia

Ottawa/CMEDIA: As part of Canada’s plan to cut 28,000 positions by 2029, The Canada Border Services Agency (CBSA) will reportedly cut 348 positions that report to or are in the national …

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All Finances / Technology

Infosys Chairman Nandan Nilekani warns AI could put 90 million jobs at risk

February 23, 2026February 23, 2026 - by cmedia

IBNS-CMEDIA: Chairman of Infosys, Nandan Nilekani, has warned that artificial intelligence could put more than 90 million jobs at risk globally while simultaneously creating 170 million new opportunities — signalling …

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Canada / News

Library and Archives Canada to slash 56 positions

February 17, 2026February 17, 2026 - by cmedia

Toronto/CMEDIA: As part of the federal government’s reported plan to cut the size of the federal public service by 2029,  90 employees and four executives at Library and Archives Canada received …

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All Finances

Oracle’s OpenAI gamble sparks plans for up to 30,000 layoffs amid financial strain

February 2, 2026February 2, 2026 - by cmedia

Austin/IBNS-CMEDIA: Tech giant Oracle is planning to slash between 20,000 and 30,000 jobs this week as part of a massive cost-cutting exercise, media reports said. The layoffs are aimed at …

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All Finances

Omnicom to be folded into Omnicom’s BBDO, 4,000 job cuts

December 2, 2025December 2, 2025 - by cmedia

Mumbai/IBNS-CMEDIA: Global media and marketing powerhouse Omnicom is set to lay off 4,000 employees and shut down several long-standing advertising agencies as part of a major restructuring following its acquisition by US-based …

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All Finances

Amid AI-led efficiencies, Amazon to make its biggest historical layoff

October 28, 2025October 28, 2025 - by cmedia

#Amazon# Layoff# job cuts# job loss# AI# AI job loss# ecommerce IBNS-CMEDIA: E-commerce giant Amazon has announced that it will trim its corporate workforce by laying off 14,000 jobs, according …

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layoffs
All Finances

Amazon prepares for its largest high-profile layoffs since 2022

October 28, 2025October 29, 2025 - by cmedia

IBNS-CMEDIA: Amazon is preparing for its largest layoffs, mostly in corporate roles, according to media reports. The layoffs will amount to the largest cuts to Amazon’s corporate workforce in the …

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Finance/Business / Technology

Singapore’s largest bank DBS to layoff 4,000 amid AI boom

February 26, 2025February 26, 2025 - by cmedia

#ArtificialIntelligence#DBS#Layoff#Jobcuts IBNS-cmedia: DBS, Singapore’s biggest bank, is expected to reduce about 4,000 roles in the next three years. The move is driven by the increasing adaptation of Artificial Intelligence technologies in multiple …

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Gadgets / Technology

Microsoft layoffs employees across verticals in fresh job cuts for ‘future growth’

July 5, 2024July 5, 2024 - by cmedia

#Microsoft, #Layoffs, #MicrosoftLayoffs, #JobCuts Washington/IBNS-CMEDIA: American tech company Microsoft said that it held another round of layoffs this week as part of its ongoing effort to streamline its workforce after reports claimed that the new …

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