Mass layoff looming at Cisco due to lower orders – update
Cisco is facing fewer orders and is considering a reorganization. The reorganization is expected to affect thousands of jobs in the short term.
Update 15 February: Several days after the initial announcement by Cisco CEO Chuck Robins that Cisco would restructure, it has become clear how many peo... Read more
Tech companies cut thousands of jobs due to AI
Since the beginning of the year, 34,000 jobs have disappeared at tech companies. They want to adjust their workforce to invest in new areas, particularly generative AI.
That's according to figures from Layoffs.fyi. A total of 138 tech companies have already laid off staff this year. Microsoft, S... Read more
Microsoft to lay off 10,000 employees, CEO confirms
Ten thousand Microsoft staffers will lose their jobs in the coming months, CEO Satya Nadella confirmed in a written statement.
Earlier today, we covered rumours of a layoff round at Microsoft. Insiders said the tech giant would disclose the plan today. Meanwhile, confirmation has arrived. CEO S... Read more