Layoff

Meta is laying off employees across units including Instagram, WhatsApp and Reality Labs, the Verge reported on Wednesday, citing people familiar with the matter.

Riot Games is laying off staff for the second time this year, the studio confirmed Tuesday. The latest round of cuts will affect the PC development team behind Riot’s massively popular MOBA title League of Legends.

Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region.

TikTok confirmed the layoffs and said that several hundred employees were expected to be impacted globally as part of a wider plan to improve its moderation operations.

Samsung Electronics Co. is initiating layoffs across Southeast Asia, Australia, and New Zealand. These layoffs are expected to impact roughly 10 percent of the workforce in these regions, though the figures may differ for each subsidiary, sources told Bloomberg.

He asserted that firing employees is vital for maintaining a "happy and strong" team and that companies should formally train managers to develop this skill.

Mr McBride, who worked at Amazon for a year until June 2023, shared his thoughts on CEO Andy Jassy's announcement.

Microsoft is laying off 650 employs from its Xbox unit. The job cuts will affect mostly corporate and supporting functions, the report said, citing a memo sent to staff by Xbox chief Phil Spencer.

The gaming industry has experienced a wave of layoffs and downsizing across various companies, with several major players announcing significant job cuts this year.

PricewaterhouseCoopers (PwC) is set to lay off approximately 1,800 employees in the United States, marking its first major round of layoffs since 2009.

A US District Judge has ruled that roughly 150 older workers who were laid off by social media platform X when Elon Musk acquired the company can sue for age discrimination.

Rocksteady Studios has reportedly been hit with layoffs. The job cuts are said to have impacted the studio’s quality assurance (QA) department, with nearly half the team members laid off.

Goldman Sachs Group Inc. plans to dismiss a few hundred employees in the coming weeks as part of the firm's annual cull of low-performing staff, according to people familiar with the matter.

Apple is cutting about 100 jobs in its digital services group. The layoffs included some engineering roles, and the biggest cuts were made to the team responsible for the Apple Books app and Apple Bookstore.

Generative AI is evoking strong interest from clients and there is a huge mobilisation of GenAI within Infosys as well, CEO Salil Parekh has said, asserting that he does not foresee any layoffs in his company on account of these new-age technologies.

Meta is laying off employees across units including Instagram, WhatsApp and Reality Labs, the Verge reported on Wednesday, citing people familiar with the matter.

Riot Games is laying off staff for the second time this year, the studio confirmed Tuesday. The latest round of cuts will affect the PC development team behind Riot’s massively popular MOBA title League of Legends.

Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region.

TikTok confirmed the layoffs and said that several hundred employees were expected to be impacted globally as part of a wider plan to improve its moderation operations.

Samsung Electronics Co. is initiating layoffs across Southeast Asia, Australia, and New Zealand. These layoffs are expected to impact roughly 10 percent of the workforce in these regions, though the figures may differ for each subsidiary, sources told Bloomberg.

He asserted that firing employees is vital for maintaining a "happy and strong" team and that companies should formally train managers to develop this skill.

Mr McBride, who worked at Amazon for a year until June 2023, shared his thoughts on CEO Andy Jassy's announcement.

Microsoft is laying off 650 employs from its Xbox unit. The job cuts will affect mostly corporate and supporting functions, the report said, citing a memo sent to staff by Xbox chief Phil Spencer.

The gaming industry has experienced a wave of layoffs and downsizing across various companies, with several major players announcing significant job cuts this year.

PricewaterhouseCoopers (PwC) is set to lay off approximately 1,800 employees in the United States, marking its first major round of layoffs since 2009.

A US District Judge has ruled that roughly 150 older workers who were laid off by social media platform X when Elon Musk acquired the company can sue for age discrimination.

Rocksteady Studios has reportedly been hit with layoffs. The job cuts are said to have impacted the studio’s quality assurance (QA) department, with nearly half the team members laid off.

Goldman Sachs Group Inc. plans to dismiss a few hundred employees in the coming weeks as part of the firm's annual cull of low-performing staff, according to people familiar with the matter.

Apple is cutting about 100 jobs in its digital services group. The layoffs included some engineering roles, and the biggest cuts were made to the team responsible for the Apple Books app and Apple Bookstore.

Generative AI is evoking strong interest from clients and there is a huge mobilisation of GenAI within Infosys as well, CEO Salil Parekh has said, asserting that he does not foresee any layoffs in his company on account of these new-age technologies.