All articles tagged with #workforce reduction
Dell Technologies reduced its global workforce by 27% from 133,000 in FY2023 to 97,000 in FY2026, cutting about 11,000 jobs in FY2026 and reporting roughly $569 million in severance. The reductions are part of disciplined cost management and a broader business modernization effort as Dell pivots toward AI-driven efficiency, aided by market shifts such as VMware’s sale and EMC integration.
Block is cutting roughly 4,000 jobs—nearly half its workforce—from over 10,000 to under 6,000 as part of a shift to smaller, flatter teams and to rely more on intelligence tools. CEO Jack Dorsey says the business is still strong but the shift is necessary, outlines severance and transition support for those affected, and commits to open communication and building the company around a new, AI-enabled approach; shares moved higher in after-hours trading.
Amazon is planning another round of corporate layoffs tied to its 'Project Dawn' efficiency drive; an internal calendar invite mentioning the cuts circulated and was canceled, with thousands of corporate staff across the US, Canada, and Costa Rica expected to lose their jobs as Amazon streamlines its operations.
Coca-Cola plans to lay off 75 employees at its headquarters in 2026 as part of a broader restructuring initiative aimed at adapting to changing consumer preferences and investing in growth areas like AI, with further layoffs expected in phases.
Paramount Skydance offered severance packages to about 600 employees who chose not to return to the office, costing $185 million, as part of a broader restructuring that included layoffs and workforce reduction following the company's merger and strategic shifts.
Amazon and Walmart are reducing their workforce and slowing hiring, citing AI-driven efficiency and cost-cutting strategies, reflecting a broader shift in corporate America where layoffs are now framed as signs of innovation rather than economic trouble.
A Goldman Sachs survey indicates that only 11% of companies are currently linking layoffs to AI, but future projections suggest significant job cuts, especially in finance and tech, with potential reductions of up to 11% over three years, signaling a major impact of AI on the labor market ahead.
Amazon has announced the layoff of 14,000 employees, with plans to cut up to 30,000 jobs, as part of its strategy to leverage AI for faster innovation and cost reduction, signaling a rapid shift towards large-scale AI-driven layoffs in corporate America, which could accelerate the disruption of white-collar jobs.
Target plans to cut 1,800 corporate positions to enhance operational agility and decision-making, amid ongoing sales challenges and industry shifts, with affected employees to be informed soon and offered support.
NASA's Jet Propulsion Laboratory (JPL) is undergoing a workforce reduction of about 550 staff members as part of a restructuring effort to ensure future success, focusing on core capabilities and fiscal discipline, amid a lapse in federal funding.
The IRS is furloughing nearly half of its workforce, about 34,000 employees, due to the ongoing government shutdown, which has halted most operations and led to previous mass layoffs, with furloughed workers set to receive back pay once the shutdown ends.
Avalanche Studios Group announced the closure of its Liverpool studio and plans to reduce staff at its Malmö and Stockholm locations due to industry challenges, impacting over 600 employees and following recent layoffs and unionization efforts.
JPL employees received a warning that up to 4,000 of the 5,500 staff could be laid off by October 15, 2025, amid a Phase Two reorganization, with mandatory return to office policies for teleworkers. Employees are also asked to update their personal contact information in Workday to stay connected during this period.
Keith Rabois, returning as chairman of Opendoor, announced plans to drastically cut the company's workforce from 1,400 to around 200 employees, citing overstaffing and a need to realign with operational goals. He also criticized the company's remote work policies and diversity initiatives, vowing to shift focus back to merit and excellence. The company has recently seen a surge in stock price but faces internal restructuring amidst broader tech industry layoffs.
Opendoor's board chair Keith Rabois suggested the company could reduce its workforce by 85%, citing AI and technology as reasons, despite the company's recent 500% stock increase driven by retail investors and a new CEO appointment. Rabois criticized previous management's culture and diversity initiatives, indicating plans to overhaul the company's operations and culture.