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ClickUp has cut 22% of its workforce as part of a strategic shift toward AI, with remaining employees set to receive significant pay increases. The company aims to realign its operations for future growth in the AI space.
Meta has begun implementing a 10% workforce reduction, starting with its Singapore office where employees were notified at 4 a.m. local time. The layoffs are part of a broader strategy to enhance operational efficiency amid evolving AI market dynamics.
Meta employees are rushing to cash in on benefits like headphone stipends and other perks before upcoming layoffs. The company plans to cut about 8,000 jobs, or 13% of its global workforce, as part of a broader cost-cutting strategy.
Meta is reassigning 7,000 employees to AI-focused roles while preparing additional layoffs, signaling a major shift in its corporate strategy.
Meta is cutting 8,000 jobs as it focuses its resources on a $145 billion AI infrastructure bet, signaling a major strategic shift under CEO Mark Zuckerberg.
Meta is preparing to cut 10 percent of its workforce despite reporting record-high profits, as employee morale plummets across the company.
Cisco announced record revenue of $58.7 billion while simultaneously planning 4,000 layoffs, signaling a strategic realignment toward cloud and software-driven solutions.
LinkedIn has joined a growing list of tech giants implementing major layoffs, even as companies invest heavily in AI. The move reflects broader industry challenges and strategic realignments.
Cloudflare has announced its first major layoffs, citing AI efficiency gains that have made 1,100 positions obsolete, despite record revenue. The move reflects broader industry trends as companies leverage AI to automate operations.
Cloudflare beat earnings but announced 1,100 layoffs due to AI automation, causing its stock to drop 24% in a single day.
Meta and Microsoft announce major layoffs totaling up to 23,000 employees, with both companies redirecting savings toward AI development.
Meta plans to cut 8,000 employees starting May 20 as it redirects billions toward AI infrastructure. The layoffs are part of a broader restructuring that brings total workforce reductions since 2022 to around 25,000.
