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Tag: Layoffs

All Finances

Meta employees asked to ‘work from home’ followed by job cut emails

May 21, 2026May 21, 2026 - by cmedia

IBNS-CMEDIA: Employees at Meta Platforms woke up to an unusual message on Wednesday: work from home for the day. There were no large internal meetings, no packed office floors and …

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All Finances

Starbucks trims 300 U.S. roles in major workforce shake-up

May 16, 2026May 16, 2026 - by cmedia

IBNS-CMEDIA: Coffee giant Starbucks on Friday announced plans to cut 300 jobs in the United States and shut down several regional support offices as part of its ongoing business turnaround …

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All Finances

Oracle faces up to 30,000 job cuts in AI overhaul, veterans hit hardest

April 28, 2026April 28, 2026 - by cmedia

IBNS-CMEDIA: In one of its largest workforce reductions in years, Oracle has laid off an estimated 20,000 to 30,000 employees globally, underscoring a deep shift toward an AI-first business model …

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All Finances

Meta may kick off initial layoffs on May 20, report claims

April 18, 2026April 18, 2026 - by cmedia

IBNS-CMEDIA: The workforce in Meta Platforms is set for a sweeping overhaul with the tech giant aiming for the first wave of layoffs on May 20, Reuters reported. Layoffs plan and scale …

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All Finances

Oracle announces 30,000 global layoffs, with 12,000 affected in India

April 1, 2026April 1, 2026 - by cmedia

Austin/IBNS-CMEDIA: Oracle has reportedly slashed around 30,000 jobs globally, including nearly 12,000 in India, in a sweeping round of layoffs, media reports said. Employees across teams said they received termination emails …

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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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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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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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All Finances

Meta to lay off around 600 AI employees after $27 bn financing deal

October 22, 2025October 22, 2025 - by cmedia

#Meta# Superintelligence Labs# AI Jobs# Layoffs# AI layoffs IBNS-CMEDIA: Meta Platforms is sharpening its focus on artificial intelligence with plans to lay off around 600 employees across key AI units, as …

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All Finances

German airline Lufthansa to slash 4,000 jobs by 2030

September 29, 2025September 29, 2025 - by cmedia

#Lufthansa# Lufthansa Flight# Lufthansa Flight Jobcut# Layoffs IBNS-CMEDIA: German airline group Lufthansa on Monday announced plans to cut about 4,000 jobs, or around 4 percent of its global workforce, by …

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