#layoffs
Nike extends turnaround timeline amid more layoffs, sales declines
The activewear giant released yet another operational reset, which will lead to job cuts in the new year, and flagged “significant work ahead.”
Nike shares tumble 6% on dismal revenue forecast, layoff plans as sneaker giant loses shine
It was the second straight day of declines for Nike, putting the sneaker brand’s stock down more than 48% so far this year.
For the US news industry, a tough summer draws to a close with McClatchy chain's cuts
The McClatchy newspaper chain has made significant layoffs at The Miami Herald and other papers, cutting over 90 unionized journalists across 17 publications
Oracle’s workforce shrank by about 13% as it bankrolls its AI buildout
Oracle ended its 2026 fiscal year with about 21,000 fewer employees than it started with, a reduction of roughly 13% that ranks among the deepest in the company’s history. The figure, disclosed in the company’s annual filing, puts a number on a process staff …
Indian techie forced to return to India after losing H-1B status following layoff, asks: ‘How do I start over?’
An Indian software professional is returning to India after five years in the U.S. with debt and no savings, feeling defeated by layoffs, visa complications, and prolonged administrative processes. Despite prevailing in removal proceedings and securing new em…
Wiped Out More Than 30 %: Cred Layoff Allegations Go Viral Amid India Startup Job Concerns
Cognizant eyes up to 15,000 layoffs, India set to bear the brunt
Cognizant could be heading toward one of the biggest tech layoffs of the year, following cuts at companies like Amazon and Oracle. Reports suggest the IT services firm may reduce between 12,000 and 15,000 jobs globally, although the company has not confirmed …
Cloudflare layoffs: After firing 20% staff, CEO Matthew Prince explains in op-ed on ‘how to decide which employees AI should replace’
Cloudflare layoffs: Cloudflare has laid off over 1,100 employees, nearly 20% of its workforce, despite record revenue growth. CEO Matthew Prince explained the cuts target 'measurers' whose roles are being automated by AI, allowing investment in 'builders' and…
Sacked H-1B staff asked to do more B-2 paperwork
Tech giants such as Amazon, Oracle, Cognizant and Meta have laid off thousands of employees in the past few months, and a large number of the affected people are estimated to be from India on H-1B visas. The visa rules give them 60 days to find new employment…
No layoffs, hikes deferred by at least a quarter: Air India management
Air India has assured employees there will be no layoffs despite significant losses exceeding Rs 22,000 crore last fiscal due to various "black swan events." However, annual increments will be deferred by at least a quarter, and employees are urged to cut dis…
India's first GenAI unicorn shifts to cloud services as AI model ambitions face reality | TechCrunch
Krutrim's pivot to cloud after layoffs and limited product updates reflects the economic challenges of building AI models in India.
Cognizant Layoffs: Cognizant may slash 12,000-15,000 jobs globally; bulk of cuts in India
Cognizant has said it expects to incur $230 million and $320 million in costs under its newly announced Project Leap, with $200 million to $270 million set aside for severance and other personnel expenses
Sam Altman says the quiet part out loud, confirming some companies are ‘AI washing’ by blaming unrelated layoffs on the technology
Some economists are warning there’s no sign of AI-related job displacement appearing in the labor data. Altman claimed it’s just a matter of time until it does.