Pins matching tag:Restructuring

Rackspace is cutting about 15% of its global workforce, roughly 750 of some 5,000 employees, mostly in legacy public-cloud services, to redeploy money into enterprise AI.

Robinhood cut about 10% of its full-time employees, roughly 290 people, to flatten management layers, booking about $28 million in charges.

Lucid is cutting about 18% of its U.S. workforce, roughly 1,500 people including factory workers, ending the second shift at its Arizona plant; COO Marc Winterhoff is out as the role is eliminated.

Microsoft eliminated around 4,800 roles, about 2.1% of its workforce, mostly in Xbox and its commercial business; Xbox cut 1,600 that day on the way to about 3,200 through fiscal 2027 and let four studios go to new management.

Monday.com is cutting about 20% of its global workforce, around 620 jobs with some 350 at its Tel Aviv headquarters, as it reorganises around its AI Work Platform.

Visa is eliminating about 2,600 roles, roughly 7% of its workforce and mostly in technology and product, with CEO Ryan McInerney saying AI is reshaping how work gets done.

Zillow laid off just over 500 employees, about 7% of its workforce, in its second and largest cut of 2026, a day before its second-quarter results.

Etsy is laying off about 220 employees, roughly 12% of its workforce, mostly in product and engineering, leaving about 1,600 people.

Apple cut more than 200 jobs, about 100 in its Vision Products Group, largely shutting its Vision Pro gaming team and shrinking immersive video, and about 100 in Siri and software as it shifts to Siri AI.

Uber cut about 10% of its staff, roughly 3,300 jobs, as CEO Dara Khosrowshahi removed management layers, merged teams and pulled remote workers back into offices.

Volkswagen's supervisory board approved a group-wide cut of about 50,000 more positions, including management roles, on top of earlier programmes that bring planned job reductions to around 100,000 by 2030.

JLR will cut around 4,000 roles, about 10% of its global workforce, over two years, mostly salaried and management jobs in the UK, as it targets £1.7 billion of savings.

Omnicom expects to end 2026 with about 105,000 staff, roughly 15,000 or an eighth fewer than the 120,000 it had after buying Interpublic, through merger cuts, outsourcing, offshoring and disposals.

Oracle began another round of layoffs, telling staff by early-morning email that it was their last working day, days after adding about $700 million to its AI-era restructuring plan.

Xbox eliminated 268 roles across Halo Studios, other first-party studios and its management layer, part of fewer than 600 Microsoft cuts worldwide, and handed the next Halo game to a new Activision team; Ninja Theory now faces a proposed closure.