All articles tagged with #layoffs
Meta plans to lay off approximately 1,395 workers in Washington this summer, with about 699 jobs at its Bellevue campus, plus cuts at Seattle and Redmond offices and 231 remote WA employees. Separations start July 22, with pay and benefits through the date. The company says changes vary by team—including layoffs, open role closures, and shifting staff to business-critical priorities—as part of broader cuts tied to AI investments.
A petition for Destiny 3 gains traction as Bungie reveals Destiny 2’s end and shifts focus to Marathon; Forbes reports most Bungie staff didn’t know Destiny 2 support was being dropped until public announcement, with some teams aware; layoffs are expected and no Destiny 3 is currently in production or greenlit, while Sony remains cautious on major live-service commitments.
Nvidia CEO Jensen Huang criticizes CEOs who blame AI for layoffs as a lazy narrative, arguing AI's impact isn't plausible given when AI became productive and urging a balanced, optimistic portrayal with safeguards and supportive policies; he also recounts joining President Trump on a trip to Beijing.
Kotaku reports leaked audio in which Mark Zuckerberg says Meta's AI is trained by watching ‘really smart people’ at the company as about 8,000 employees are laid off (10% of the workforce) and thousands more reassigned to AI initiatives, amid criticism over employee device tracking and Meta’s ongoing AI pivot.
US workers have filed a class-action in Illinois alleging Guzman y Gomez violated federal and state laws by not providing 60 days’ advance written notice before a mass layoff after abruptly closing all Chicago-area stores, affecting more than 500 employees; the suit seeks back pay and benefits for up to 60 days per worker and a jury trial as the Australian chain exits the US market.
Mercer’s Global Talent Trends survey finds 99% of CEOs expect AI-driven layoffs within two years as companies redesign work around automation; only 32% believe the workforce can optimally combine human and machine capabilities, with concerns about early-career workers and rising anxiety over AI displacement.
A former Meta engineer, Jeremy Bernier, claims race-based discrimination at Meta, saying teams were 90% Chinese and that non-Chinese employees were routinely excluded and targeted in layoffs; he describes Mandarin-only informal conversations and social exclusion, urges Meta to enforce English-speaking policies and diversify leadership, but doubts real change will occur while the leadership remains ethnically homogeneous. Bernier was among Meta's 8,000 layoffs on May 20.
Meta cut about 8,000 jobs (roughly 10% of staff) in three waves, with 7,000 reassigned to AI projects and roughly 6,000 roles scrapped. In an email to remaining employees, Mark Zuckerberg promised there would be no further company-wide layoffs this year and acknowledged that Meta’s communications during the layoffs had been poor. The company is pouring money into AI-related infrastructure and research, and severance for those let go includes 16 weeks’ pay plus 2 weeks per year worked, plus 18 months of COBRA coverage, as the corporate rethink continues for what survives—about 70,000 employees.
A proposed Paramount–Warner Bros. Discovery merger would carry roughly $79 billion in debt with limited free cash flow, risking massive job losses (10,000+ direct and indirect), higher prices for consumers, and a consolidation that could reduce competition, shrink slate size, and centralize distribution and streaming control in ways that may harm the broader Hollywood ecosystem.
Meta is drafting about 7,000 employees into AI-focused groups—Applied AI, Agent Transformation Accelerator, and Agent Data & Optimization—as part of CEO Mark Zuckerberg's push to accelerate the company's AI efforts, with participation non-negotiable and roles likely involving data labeling, amid ongoing layoffs and workforce reshuffles.
Bungie plans a significant round of layoffs as it ends active Destiny 2 development to focus on new projects, led by the Marathon shooter; there’s no immediate Destiny 3 plan and Sony hasn’t approved any new Destiny titles, though staff have pitched ideas. Marathon’s performance contributed to a quarterly loss, and Bungie has been reallocating Destiny staff to Marathon. Fans can expect Destiny 2’s Monument of Triumph update on June 9 and years of server support, but uncertainty remains about Bungie’s Destiny future after Sony’s 2022 acquisition.
Bungie is reportedly planning significant layoffs and has no active Destiny 3 in development; Destiny 2 will receive its final live-service update on June 9, 2026, after which the game will remain playable while Bungie pivots to new projects, notably Marathon, signaling a shift beyond Destiny 2’s era.
Meta CEO Mark Zuckerberg sent an internal email promising fewer or no companywide layoffs in 2026, thanking the roughly 8,000 laid-off employees, and stressing stability for those remaining while acknowledging communication missteps. The note marks a shift from the firm’s hard-charging, cost-cutting posture under the “Year of Efficiency” to a more empathetic tone as Meta reorganizes about 7,000 staff to focus on AI. Analysts say the reassurance could reduce productivity-harming layoff anxiety, but the ultimate impact depends on how well the company executes its AI-driven strategy and ongoing restructuring.
WIRED's Uncanny Valley episode examines Meta’s latest round of layoffs amid booming AI spending and shaken morale, Elon Musk’s loss to OpenAI, Google I/O’s ambitious AI-driven search revamp (including Gemini Spark and agentic search), and a growing AI backlash—from booing at commencements to the phenomenon of the “sad wives of AI”—highlighting concerns about jobs, data centers, and how AI will reshape publishing and everyday life.
Intuit posted a Q3 beat with revenue of $8.56 billion and adjusted earnings of $12.80 per share, led by strength in Global Business Solutions and Online Ecosystem, but the stock fell about 20% as investors priced in a weaker long‑term TurboTax outlook and a plan to cut 3,000 jobs (about 17% of the workforce) with $300–$340 million in restructuring charges. Management still raised full-year guidance, but flagged slower TurboTax growth ahead, with TurboTax Online units expected to decline ~2% and share of e-file tax returns to drop about a point, while TurboTax Live revenue is seen growing ~36% to $2.8 billion and paying users rising modestly.