Company Lay Off
- All
- News
- Videos
-
AMD to Cut Four Percent of Global Workforce as it Focusses on AI Chip Development
AMD is laying off about 1,000 employees, as it directs efforts towards developing AI chips. AMD plans to start mass production of a new version of its artificial-intelligence chip called the MI325X in the fourth quarter of the year.
-
Finfluencer Sharan Hegde Lays Off 15% Staff, Explains Reasons: "Irony Isn't..."
Mr Hegde, the company's CEO, attributed the layoffs to "redundant expenses" and "mistakes in hiring."
-
ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
-
AI Chatbot Startup Character.AI Lays Off At Least 5% Of Its Staff: Report
Chatbot startup Character.AI laid off at least 5% of its staff, The Information reported on Thursday, citing a person briefed by company leaders.
-
Amidst AI Push, Cisco To Lay Off Thousands In Second Job Cut This Year, Sources Say
The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February. The company employed around 84,900 people as of July 2023.
-
Lays Off At Paytm As Loss Widens After RBI Action
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement.
-
Google Lays Off Employees, Shifts Some Roles Abroad Amid Cost Cuts
Alphabet-owned Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.
-
GTA 6 Maker Take-Two to Cut 5 Percent of Staff, Scrap Projects to Cut Millions in Annual Costs
Take-Two Interactive has announced it will lay off around 600 workers, or 5 percent of its workforce, while also scrapping several projects as the company looks to cut costs. The move to lay off workers and cut ongoing projects is expected to drive more than $165 million of annual cost savings, according to the firm.
-
Automaker Stellantis Cuts 400 Jobs With "Mandatory Remote Work Day" Policy
Stellantis, the parent company of Chrysler, announced its decision to lay off about 400 employees on Friday. They said the move aims to smoothen operations, cut costs, and accelerate plans for electric vehicle production.
-
Electronic Arts to Lay Off 5 Percent of Workforce, Reduce Office Space
Electronic Arts will reduce 5 percent of its workforce as part of a restructuring plan that also includes a reduction in real estate, the company said on Wednesday, as the video game industry struggles to grow amid high interest rates.
-
Vice Media To Stop Publishing On Its Website, Cut Hundreds Of Jobs
Vice Media Group will stop publishing on its website and is planning to lay off hundreds of employees next week, the company's CEO Bruce Dixon has announced in a memo.
-
"We Are Reorganising...": Snapchat Parent Company To Lay Off 10% Of Its Staff Globally
Social media giant Snap, which operates Snapchat, has announced plans to lay off approximately 10% of its staff.
-
Microsoft to Lay Off 1,900 Staff at Gaming Division, Including Recently Acquired Call of Duty Maker Activision
Microsoft will let go of 1,900 employees at Activision Blizzard and Xbox this week, it said on Thursday, the latest cuts in the technology sector that has extended massive layoffs over the past years into 2024.
-
League of Legends, Valorant Developer Riot Games to Lay Off About 11 Percent of Staff
Tencent Holdings' Riot Games plans to lay off 530 employees, or about 11 percent of its staff globally, the online gaming company said on Monday in a blog that included a letter to employees from CEO Dylan Jadeja.
-
"I Just Bought A House": Employee Records Herself Getting Laid Off
A few days after instant messaging platform Discord declared that it would be laying off 17 per cent of its workforce, an employee shared a video of the company terminating her.
-
AMD to Cut Four Percent of Global Workforce as it Focusses on AI Chip Development
AMD is laying off about 1,000 employees, as it directs efforts towards developing AI chips. AMD plans to start mass production of a new version of its artificial-intelligence chip called the MI325X in the fourth quarter of the year.
-
Finfluencer Sharan Hegde Lays Off 15% Staff, Explains Reasons: "Irony Isn't..."
Mr Hegde, the company's CEO, attributed the layoffs to "redundant expenses" and "mistakes in hiring."
-
ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
-
AI Chatbot Startup Character.AI Lays Off At Least 5% Of Its Staff: Report
Chatbot startup Character.AI laid off at least 5% of its staff, The Information reported on Thursday, citing a person briefed by company leaders.
-
Amidst AI Push, Cisco To Lay Off Thousands In Second Job Cut This Year, Sources Say
The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February. The company employed around 84,900 people as of July 2023.
-
Lays Off At Paytm As Loss Widens After RBI Action
Fintech firm One97 Communications, owner of Paytm brand, is laying off an undisclosed number of employees and claimed that it is providing outplacement support for their smooth transition, according to a company statement.
-
Google Lays Off Employees, Shifts Some Roles Abroad Amid Cost Cuts
Alphabet-owned Google is laying off an unspecified number of employees, a company spokesperson said on Wednesday, marking the latest cuts at the technology giant as it cracks down on costs.
-
GTA 6 Maker Take-Two to Cut 5 Percent of Staff, Scrap Projects to Cut Millions in Annual Costs
Take-Two Interactive has announced it will lay off around 600 workers, or 5 percent of its workforce, while also scrapping several projects as the company looks to cut costs. The move to lay off workers and cut ongoing projects is expected to drive more than $165 million of annual cost savings, according to the firm.
-
Automaker Stellantis Cuts 400 Jobs With "Mandatory Remote Work Day" Policy
Stellantis, the parent company of Chrysler, announced its decision to lay off about 400 employees on Friday. They said the move aims to smoothen operations, cut costs, and accelerate plans for electric vehicle production.
-
Electronic Arts to Lay Off 5 Percent of Workforce, Reduce Office Space
Electronic Arts will reduce 5 percent of its workforce as part of a restructuring plan that also includes a reduction in real estate, the company said on Wednesday, as the video game industry struggles to grow amid high interest rates.
-
Vice Media To Stop Publishing On Its Website, Cut Hundreds Of Jobs
Vice Media Group will stop publishing on its website and is planning to lay off hundreds of employees next week, the company's CEO Bruce Dixon has announced in a memo.
-
"We Are Reorganising...": Snapchat Parent Company To Lay Off 10% Of Its Staff Globally
Social media giant Snap, which operates Snapchat, has announced plans to lay off approximately 10% of its staff.
-
Microsoft to Lay Off 1,900 Staff at Gaming Division, Including Recently Acquired Call of Duty Maker Activision
Microsoft will let go of 1,900 employees at Activision Blizzard and Xbox this week, it said on Thursday, the latest cuts in the technology sector that has extended massive layoffs over the past years into 2024.
-
League of Legends, Valorant Developer Riot Games to Lay Off About 11 Percent of Staff
Tencent Holdings' Riot Games plans to lay off 530 employees, or about 11 percent of its staff globally, the online gaming company said on Monday in a blog that included a letter to employees from CEO Dylan Jadeja.
-
"I Just Bought A House": Employee Records Herself Getting Laid Off
A few days after instant messaging platform Discord declared that it would be laying off 17 per cent of its workforce, an employee shared a video of the company terminating her.
