All articles tagged with #layoffs
Disney is reportedly cutting up to 1,000 positions—primarily in marketing—as Josh D’Amaro takes the CEO reins, a move following Bob Iger’s return; the layoffs come from a workforce of about 231,000 and reflect broader industry cost-cutting.
Disney plans up to 1,000 layoffs, largely in the marketing division, as it enters another cost-cutting phase under CEO Josh D’Amaro. The move follows a 2023 restructuring that cut about 7,000 jobs after Bob Iger’s return, and a January consolidation that placed all marketing under Asad Ayaz.
Disney is reportedly planning to cut up to 1,000 positions in the coming weeks, with most reductions in the experiences division (theme parks and cruise lines) following prior layoffs in ESPN and the entertainment unit. ESPN is said to trim about 30 roles. The Wall Street Journal notes some cuts may stem from merging Disney+ and Hulu into one app. Disney employed roughly 231,000 people at the end of fiscal 2025, so the cuts would represent a small fraction of the workforce; this continues a multi-year restructuring that has eliminated over 8,000 jobs since 2022.
Disney plans an extensive round of layoffs in coming weeks, potentially totaling up to 1,000 roles—mostly from its marketing department—as the company consolidates operations amid declines in theatrical revenue, TV audiences, and streaming profits, joining Sony in belt-tightening across Hollywood.
Disney plans to cut up to 1,000 jobs in the coming months as the first layoffs under new CEO Josh D’Amaro, largely tied to consolidating marketing across film, TV and streaming. The company’s global headcount is about 230,000, many of whom are part‑time theme park workers. The move follows extensive reductions (roughly 8,000 roles) under Bob Iger between 2023 and 2025, and comes as Disney continues cost‑cutting and restructuring; Disney declined to comment on the report.
Oracle is offering U.S. laid-off employees up to 26 weeks of severance (four weeks of base pay plus one week per year of service, capped at 26 weeks), with state WARN notice adjustments and a requirement that six months of work in the last year counts as a full year for calculation. Affected staff across Oracle Health, Sales, Cloud, Customer Success and NetSuite were notified early Tuesday, with some reports of being locked out of internal systems. Oracle declined to comment. The package aligns with recent Big Tech severance patterns while varying in components, and Oracle employs about 162,000 people as of May 2025.
Epic Games laid off over 1,000 employees, including veteran programmer Mike Prinke who has terminal brain cancer. His wife publicly shared their financial fears. CEO Tim Sweeney apologized and said Epic would solve the life-insurance issue for the family, noting confidentiality around medical information. By March 29 the company was reportedly in the process of resolving the coverage, following criticism of leadership amid Fortnite’s downturn and the mass layoff wave.
Oracle reportedly cut 20,000–30,000 employees (about 18% of its 162,000-strong workforce) across the US, India, Canada and Mexico as part of a restructure to fund a large AI data-center build. Termination emails and system access were severed around 6 a.m.; Oracle hasn’t officially confirmed totals. TD Cowen estimates the cuts would free $8–$10 billion in cash flow to support roughly $156 billion in AI infrastructure capex, backed by $45–$50 billion in 2026 debt/equity financing. The company posted a 95% jump in net income last quarter and $523 billion in remaining performance obligations, signaling a capital-intensive bet despite strong profitability. Oracle has yet to comment publicly.
GM has idled its Detroit Factory Zero EV plant again due to slowing U.S. demand for electric vehicles, temporarily laying off about 1,300 workers from March 16 to April 13. The plant, which builds the GMC Hummer EV, Sierra EV, Silverado EV, and Cadillac Escalade IQ, has faced prior shutdowns and job cuts, while GM continues retooling nearby Orion Assembly for gas-powered pickups. The episode highlights a shift away from the plant’s once-ballyhooed “factory of the future” branding as the company grapples with EV write-downs and policy changes, even as it remains a top EV seller behind Tesla thanks to models like the Equinox EV and Lyriq.
Oracle began global layoffs with notifications indicating immediate termination. Affected employees will be offered severance per the plan and must provide a personal email address for follow-up on separation documents and FAQs, which will be sent via DocuSign. Access to computers, email, and files will be deactivated, and employees are advised not to retain confidential Oracle data; questions can be directed to HR.
Oracle began global layoffs as it tightens costs to back its AI-focused data-center expansion, including the Stargate project with OpenAI; the moves come as Oracle’s stock has fallen about 30% this year amid AI fears, with the company raising debt to fund the infrastructure push.
Embracer-owned Eidos-Montréal announced 124 layoffs and the departure of studio head David Anfossi, saying the cuts reflect changing project needs. A transition plan is underway and leadership decisions will be announced as finalised, with Anfossi having led the studio for nearly two decades and the broader restructuring impacting the group.
Several major tech firms, including Google, Amazon, Meta, Pinterest, and Atlassian, have framed recent job cuts as a consequence of AI-driven productivity, arguing they can accomplish more with fewer people. Analysts say the narrative serves investor-satisfaction goals and signals discipline as these companies also plan to invest hundreds of billions in AI; while AI tools may boost efficiency, layoffs reflect cost pressures and strategic shifts amid growing AI expenditure.
Eidos Montreal confirms 124 layoffs and the departure of veteran studio head David Anfossi, as the studio undergoes leadership restructuring after its 2022 sale to Embracer; the studio hasn’t released a game in years and has canceled several projects, including a new Deus Ex and a Soul Reboot reboot, with a transition plan in place and further leadership updates to come.
Eidos Montreal, the studio behind Deus Ex and Tomb Raider, is laying off 124 employees and parting ways with longtime studio head David Anfossi as part of Embracer Group’s ongoing downsizing. The company cited changing project needs across production and support as the reason for the cuts. Eidos Montreal is reportedly still involved with upcoming Grounded 2 from Obsidian and a reimagined Fable from Playground Games, though the studio’s current projects were not specified in its notice.