Startup and corporate layoff announcements, workforce reductions, and job cut news.
KPMG Australia to axe 400 jobs, including 360 staff and 27 partners, due to sluggish consultancy demand, protracted economic woes and the aftermath from a confidential-information issue. Consulting revenue fell 17% to $632 million while the firm’s total revenue dropped 1% to $2.26 billion.
Oracle is gearing up for another wave of layoffs, cutting costs related to employes while boosting investments in AI and cloud infrastructure. The corporation is seeking managers to identify staff affected by the latest round of job cuts due to be completed by September 1.
Visa says it is cutting 2,600 jobs, or approximately 7% of its global workforce, as part of a restructuring plan centred on efficiency and agentic AI. A number of individuals impacted were employees at Visa’s India offices in Bengaluru, Mumbai, Chennai and Hyderabad.
BMW offers voluntary redundancy to over 40,000 German workers in plan to shed 8,000 jobs by 2027 The move is aimed at desk-based staff and is intended to cut expenses amid decreasing EV demand, rising US tariffs and fierce competition from Chinese carmakers.
Uber has let go of 10% of its Customer Support (Community Operations) team in an operational restructuring that the company is implementing with a focus on integrating AI, streamlining processes, and creating better collaboration.
Amazon has laid off workers in its Artificial General Intelligence (AGI) division, joining a wave of cuts at the company as it refocuses on high-impact AI efforts. Even as it slashes its workforce, the company is still investing in AI infrastructure.
Volkswagen will cut up to 100,000 positions worldwide as part of a major cost-cutting and restructuring strategy to counter dwindling profitability, disappointing sales in China, growing competition from Chinese electric vehicle makers and rising production costs.
Microsoft is planning to cut about 4,800 jobs, or 2.1% of its staff, as the tech giant accelerates investments in artificial intelligence and focuses on operational efficiency. Cuts come amid increased expenditures for AI equipment and a wider restructuring of the tech sector.
IKEA has automated routine customer service duties with the help of artificial intelligence. A new source of income of more than €1 billion (INR 9,000 crore) has emerged as a result of staff promotions to higher-paying positions inside the organisation. A lot of people are worried that AI will
In spite of the ongoing disruption caused by AI to global labour structures, Deloitte intends to recruit 50,000 individuals in India. Fears of job losses have arisen in response to the widespread adoption of AI. The hiring drive, as explained by South Asia COO Nitin Kini, indicates a shift
The administrative departments of Karnataka were rocked this week by a phoney government memo that seemed to order the firing of thousands of outsourced workers. Since then, the Karnataka finance department—which answers to Chief Minister Siddaramaiah—has lodged a police complaint. The complaint stated that clearly the paper in
Oracle has slashed jobs across all markets, threatening to fire off as many as 30,000 workers worldwide. Nonetheless, news accounts indicate that thousands of jobs have already been cut in India. Roughly 12,000 people have lost their jobs in India, and more layoffs are on the horizon in
The tech giant has started what analysts believe could be the largest workforce reduction in its 47-year history, driven by its aggressive and debt-heavy push into AI infrastructure.
Epic Games said last week that it would be laying off over a thousand workers in an effort to remain financially stable. Mike Prinke, a programmer who has over seven years of experience at the Fortnite creator, was one of those impacted. Jenni Griffin, Prinke's wife, posted a
Nokia is in the process of implementing a significant global restructuring that could result in the elimination of up to 14,000 positions on a global scale. As a result of the company's response to slowing growth and operational inefficiencies, India is anticipated to be one of the
KPMG's audit division in the United Kingdom has informed nearly 600 employees that their positions are at risk. The results of a redundancy consultation will determine whether or not affected employees are laid off. Up to 440 employees may leave the organization if the redundancy consultation goes ahead
Harley-Davidson has started reducing its worldwide workforce through layoffs. Following the announcement of a precipitous drop in profits, the company made this daring move. Thus, indicating a more comprehensive rethinking of its commercial approach. On March 23, the corporation announced the layoffs, saying that they had informed some workers of
About fifteen people have lost their jobs as a result of Spotify's 3% reduction in its podcast workforce. The company is reorganising its operations in an effort to boost team collaboration and efficiency. Earlier this week, employees at Spotify Studios and The Ringer got laid off. Instead of
Ingka Group, the biggest franchisee of Ikea, has said that it is reorganising and may lose 800 positions. The goals of the layoffs are to improve operational efficiency and decrease costs. The store is planning to streamline its operations and make decisions more quickly, which will lead to layoffs in
In an effort to "remain competitive", CBS News, a major American media company, will lay off 6% of its employees on March 20. Those affected employees will be contacted by the end of the day, according to the news network owned by Paramount Skydance Corporation. President Tom Cibrowski
April will see a new round of layoffs at Goldman Sachs. As part of regular performance assessments, the corporation is increasingly focusing on staff who are not meeting expectations. Separate from the bank's yearly workforce reduction effort, these changes are anticipated to impact a modest number of staff.
Just weeks after laying off over 4,000 workers, the Jack Dorsey–led Block has rehired a handful. The company's recent layoffs may indicate a need for rebalancing its operations. A large number of employees were laid off when the fintech company announced massive layoffs last month. Nevertheless,
A 12% staff reduction was revealed by cryptocurrency exchange Crypto.com on March 19th. A trend observed across corporate sectors, layoffs are a component of the company's efforts to incorporate artificial intelligence into its operations. “We are joining the list of companies integrating enterprise-wide AI. Companies that do
As part of a larger effort to reduce costs, Ubisoft has begun laying off more than 100 staff from its Red Storm Entertainment unit and offering them severance benefits. Several news outlets have reported that Ubisoft's continued global savings plan is causing the North Carolina-based studio to consider
As it speeds up an AI-led transition, HSBC is considering a new round of layoffs that would impact up to 20,000 positions, or about 10% of its worldwide workforce. The suggested cuts, which are still being evaluated, would mostly affect administrative and middle-level tasks. Therefore, this marks a more
Meta has refuted rumours that it intends to lay off as much as 20% of its employees. Consequently, it is denying rumours that the increase in spending on AI could have an impact on almost 15,000 jobs. The claim was hypothetical, according to a corporate spokesman who spoke with
As part of its reorganisation, Amazon has laid off some 16,000 workers. CEO Andy Jassy has hinted that the cloud sector could grow substantially in the next years thanks to artificial intelligence. Reductions in layers and complexity inside the organisation are being pursued through internal layoffs, as stated in
The luxury automaker will react to declining profitability, reduced demand, and a difficult global market climate by laying off about 6% of its worldwide workforce. To safeguard its long-term competitiveness, the Volkswagen-owned business stated it would cut approximately 275 jobs in the UK. This would be achieved in part through
The UK banking group, Close Brothers, will reduce its workforce by approximately 25%, or approximately 600 positions. The financial institution has taken this step in order to reduce costs. This decision is being made in response to a compensation bill of approximately £300 million that is associated with the automotive
As the high-end retailer starts to shutter stores around the country, Saks Fifth Avenue will lay off over 1,200 workers. This is a pre-filing phase in the restructuring process that will take place after this year's Chapter 11 bankruptcy. Several WARN (Worker Adjustment and Retraining Notification) applications
In response to bot activity that undermined Digg's relaunch and forced a strategic reset, the link-sharing site laid off a large section of its workers. In a blog post published on 13 March, the company confirmed the layoffs and stated that it will maintain operations with a reduced
Perplexity AI CEO Aravind Srinivas endorsed a viral post claiming AI is shifting computer science back to maths and physics. Tools like GitHub Copilot speed up routine coding by 55%, but entry-level jobs shrink amid 2026 tech layoffs.
Accenture, a consultancy business, has made AI proficiency a requirement for career advancement in response to the growing prevalence of AI in everyday business operations at firms worldwide. This suggests that employees who aren't flexible may not be a good fit for the organization. Accenture CEO Julie Sweet
Meta, led by Mark Zuckerberg, plans to lay off 15,000 employees, about 20% of its workforce, marking the company’s biggest AI-driven workforce reduction ever. Here’s what’s happening, why it’s happening, and what it means for the company and employees.
Block, a global payments business, has laid off dozens of people in the marketing and communications departments in Australia. The step is taken as part of a larger reorganisation that will result in the elimination of about 4,000 jobs globally. Industry estimates place the number of local full-time positions
On March 11th, Atlassian, an Australian software business, announced that it would be laying off around 1,600 workers, or roughly 10% of its staff. This move is part of a larger reorganisation that will increase spending on AI and business sales. In a blog post, CEO Mike Cannon-Brookes explained
Tech Mahindra denied on March 9 that the company is mulling on a plan to drastically cut jobs. Consequently, denying rumours that the IT services provider may be laying off employees. The company clarified in a filing with stock markets that it had received calls and saw online posts about
Several news outlets have reported that, following performance reviews, Flipkart had asked 250–300 staff to resign this year. As is common practice in the business, around 1-2% of employees are let go each year as part of performance management. This round of layoffs affects about 2% of the workforce.
As a result of the financial burden caused by its ambitious development into AI technology, Oracle Corp. is getting ready to lay off thousands of workers across all of its business groups. The planned layoffs would go beyond the usual, small-scale labour modifications that the corporation has done in the
Nearly three percent of Morgan Stanley's worldwide employees have lost their jobs. So, even if the investment bank had record yearly earnings in 2025, it still affected almost 2,500 people. Each of the three main areas of the company—investment banking and trading, wealth management, and investment
Amazon, the tech titan, has once again laid off workers, this time in its robots section. Scott Dresser, VP of robotics at Amazon, recently announced layoffs in an internal memo. The move is part of a larger attempt to cut costs. In their most recent wave of layoffs, Amazon chose
Proximus, a Belgian company, plans to implement an AI-driven efficiency program that includes the elimination of 1,200 positions by 2030. In addition to halving its dividend, this action has alarmed investors, causing a precipitous decline in the stock price. Reducing staff-related expenses is the primary goal of the wider
Over the next two years, WiseTech Global, an Australian logistics software business, plans to let off roughly 2,000 employees as it makes a significant shift to artificial intelligence. Consequently, it has reshaped over one-third of its global staff. About 29% of employees in 40 countries will be impacted by
As the British luxury carmaker struggles with US import taxes, weak demand in China, and growing financial hardship, Aston Martin plans to lay off up to 20% of its personnel. On February 25, the corporation announced that the layoffs, which will impact nearly 3,000 workers, should result in yearly
India’s startup ecosystem saw robust funding activity across recruitment tech, cross‑border fintech, creator commerce, AI‑driven GTM platforms, student mobility and dermatology tech as capital continued flowing into high‑growth segments. On the business news front, veteran founders are stepping aside, and aerospace and home interior companies are
Matt Booty, Microsoft's recently hired chief content officer at Xbox, has assured staff that studio jobs will remain unaffected by the division's leadership shakeup. Booty attempted to assuage fears in an internal message to employees following a significant executive reorganisation. Long-time Xbox boss Phil Spencer retired
According to a prominent Anthropic engineer, the United States is on the cusp of an AI revolution. He noted that the next generation of AI agents will soon be able to do almost any job that requires internet access. In a recent podcast, Boris Cherny, who developed Claude Code at
Amid the push for AI, home interior and innovation unicorn Livspace has let go of 1,000 workers, or 12% of its workforce. The startup's spokesman stated in a statement that the job layoffs were caused by automation and the integration of advanced AI agents throughout its main
Over a hundred positions have been eliminated at Sony Pictures Networks India (SPNI) due to a reorganisation. Approximately 10% of its employees might be impacted, according to media sources. In a challenging advertising climate, layoffs are part of a larger effort to rationalise costs. According to the sources, the layoffs
Meta has officially stated that it has no plans to implement new performance-based layoffs. Consequently, the company is denying online rumours that it may resume workforce reductions that are associated with employee ratings. According to a representative from Meta who talked with a news outlet, the most recent modifications were
The joint venture between Telstra and Accenture Data and AI has suggested reducing approximately 209 jobs. The year-old cooperation aims to increase cost efficiency and streamline service. Hence, some functions are being abolished and others moved to India, according to media sources. Telstra established this seven-year joint venture in January
As part of its merger with Credit Suisse, UBS intends to lose a comparable number of positions in Switzerland. However, it also intends to hire as many as 3,000 people in India. On 11 February, the Swiss lender announced plans to increase its presence in Hyderabad by adding 2,
Converse, a sneaker brand owned by Nike, is gearing up for massive layoffs following yet another precipitous decline in quarterly revenue. A worsening of its long-running downturn has put Converse in a difficult position. Reportedly based on an internal memo from CEO Aaron Cain, Converse is preparing to lay off
The customer operations group at Workday will be hit hard by the latest round of layoffs, which the company has announced. Therefore, this marks the beginning of yet another change in focus within the enterprise software team. The cloud-based HR and financial software supplier announced plans to lay off about
In the midst of a major leadership change and an increased emphasis on artificial intelligence, cloud software giant Salesforce has slashed 1,000 jobs across various teams in yet another wave of layoffs. Staff members in marketing, product management, data analytics, and positions associated with Salesforce's main artificial
In its ongoing multi-year campaign to reduce its employment, Wells Fargo has announced yet another wave of layoffs. Hence, bringing the total number of employees expected to lose their jobs in 2026 to over 100. According to the Des Moines Register, the lender has informed 49 employees of their impending
Myntra, a leading fashion e-commerce company, is consolidating its operations and laying off workers. The goal of the exercise is to relocate its satellite operations from Gurugram to Bengaluru. While some positions will be eliminated, others will be consolidated into bigger teams centred in Bengaluru. Fifty people from the supplier
In the wake of discovering who else had lost their jobs in the most recent round of layoffs, Pinterest fired two engineers. Consequently, they went against the company's stated privacy and policy guidelines. As part of a larger reorganisation associated with an increased emphasis on artificial intelligence, Pinterest
Massive layoffs have taken place at the Washington Post, a news organisation with a rich history and considerable influence in the US. As part of a massive reorganisation that has abolished entire divisions, the newspaper fired about a third of its employees on 4 February. And as a result of
As part of its massive reorganisation, the Chan Zuckerberg Initiative laid off several employees at the beginning of 2026. Layoffs were made in order to redirect resources to biomedical research that makes use of artificial intelligence. Mark Zuckerberg and his wife Dr Priscilla Chan established the charitable foundation CZI. A
United States banks are pulling back from funding Oracle's expansion of its artificial intelligence data centres, so the business is contemplating laying off 20,000 to 30,000 workers and selling off some of its operations. According to TD Cowen's research, the elimination of jobs would
As part of cost-cutting efforts, fitness technology business Peloton Interactive Inc. has laid off 11% of its workforce, with engineering teams accounting for the majority of the layoffs. On January 30, Peter Stern, Peloton's CEO since 2025, informed staff members of the layoffs. The impacted engineers worked on
Ola Electric, based in Bengaluru, announced on 30 January that it would lay off about 5% of its employees as part of a reorganisation meant to increase automation and boost profitability. An electric two-wheeler manufacturer financed by SoftBank has said that it is "doubling down" on discipline and
Indian gaming and entertainment startup Zupee has laid off around 200 employees in a fresh round of job cuts as part of a strategic restructuring of its business. The move marks the company’s second major workforce reduction in recent months, as it moves away from its earlier real-money gaming
The most recent round of layoffs at global technology giant Amazon will also affect its operations in India, where 500–700 workers are anticipated to be affected. Yet another round of reductions has been announced by Amazon. This time, the corporation plans to fire some 16,000 workers worldwide. This
Beth Galetti is a senior executive at Amazon, serving as the Senior Vice President of People Experience and Technology, the company’s top human resources (HR) role. She is the executive who communicated the company’s decision to cut around 16,000 corporate jobs worldwide in January 2026. As head
- UPS to Drop Amazon Deliveries by 1 million packages per day. - There could be additional layoffs as the company plans to close another 24 facilities in 2026. - The company is doing well financially, yet wants to let people go.
Citigroup is getting ready for another round of layoffs in March, continuing a personnel reduction initiative that has already resulted in the elimination of roughly 1,000 positions earlier this month. According to media reports, the proposed layoffs will be made public following the payment of yearly bonuses. Let’s
India’s startup ecosystem saw notable momentum on 23rd January 2026, with fresh capital flowing into wellness and education-focused finance. Luxury wellness startup Dhun Wellness raised $4 Mn, backed by corporate giants SRF Ltd and Havells India, signalling growing investor interest in the longevity and premium wellness segment. Meanwhile, NBFC
Vimeo has initiated its second round of global cutbacks in less than six months. The layoffs are done by the new owner, European technology firm Bending Spoons. These job cuts are part of the new owner's restructuring efforts following its acquisition of the video platform. Bending Spoons announced
Amazon plans to carry out another round of layoffs next week, with the goal of eliminating some 30,000 jobs from its corporate workforce. The layoffs are expected to be comparable in scope to the employment reductions from the previous year and could begin as early as 27 January. About
- The Bill & Melinda Gates Foundation decides to shut down entirely by 2045. - The foundation wants to redirect (money from the job cuts) to healthcare, education, and women's welfare. - CEO Mark Suzman says the foundation wants "to improve millions more lives over the next 20 years."
January hasn't even ended yet, and at least three major corporations have recently announced widespread layoffs. Giants including Meta, Citigroup, and BlackRock have laid off thousands of employees in a variety of roles, suggesting that the job loss trend that swept through 2025 has continued into 2026, at
According to The Economic Times, Hindustan Coca-Cola Beverages (HCCB), the Indian bottling company of Coca-Cola, has begun cutting staff as part of a larger initiative to increase profits and streamline operations. Across departments, about 300 positions are being eliminated. The action was taken months after the company reorganised its operations
McKinsey & Company is thinking about laying off thousands of employees in response to the quick development of artificial intelligence. According to reports, senior executives at the company have discussed plans to cut staff in several non-client-facing divisions by roughly 10%. This might result in several thousand layoffs over the
In the upcoming weeks, Amazon plans to lay off 370 employees at its European headquarters in Luxembourg. At this workplace, this will be the largest round of job reductions ever. Approximately 8.5% of the 4,370 employees are impacted by the cuts. The layoffs follow Amazon's announcement
The Maharashtra government informed the state legislative council on 9 December that Tata Consultancy Services had let go 376 workers from its Pune campuses during the first two quarters of the current fiscal year. Following enquiries from lawmakers who referenced news reports indicating widespread layoffs at the IT services company,
Digital adoption platform Whatfix has reduced its workforce by around 6% in its first large restructuring exercise since the company was founded. The Bengaluru-headquartered SaaS firm, backed by global investors including SoftBank and Warburg Pincus, confirmed that the move is part of a broader shift in its business priorities as
On December 8, PepsiCo announced a number of operational adjustments, including a review of its supply chain and a reduction in the total number of goods it offers. These changes were supported by activist investor Elliott Investment Management. According to an internal memo, the corporation is also considering layoffs in
In an interview with The Verge, IBM CEO Arvind Krishna stated that artificial intelligence is not the primary reason for the current wave of layoffs in the tech sector. Rather, he attributed the latest job losses to a "natural correction" and blamed the pandemic's overhiring. According
In an effort to offset losses brought on by US tariffs imposed by President Donald Trump, Canadian steel manufacturer Algoma Steel Group plans to close its blast furnace in northern Ontario and lay off 1,000 employees, or roughly 40% of its workforce. According to a Bloomberg article, the Sault
Following the $13.5 billion acquisition of Interpublic Group (IPG), the multinational marketing and communications powerhouse Omnicom Group is expected to lay off around 4,000 employees and shut down a number of agency brands, according to a Financial Times report citing business executives on December 1, 2025. The research
In an effort to streamline operations in the face of China's economic slowdown, the British multinational Swire Group plans to lay off around 10% of its staff at its Hong Kong office, according to a report by news agency Bloomberg on 26 November 2025, which cited persons with
One of HP's largest reorganisation initiatives in recent memory is about to begin. As part of a comprehensive cost-cutting initiative designed to make the company leaner and more competitive in the era of artificial intelligence, the computer and printer giant revealed intentions to eliminate between 4,000 and
Following a sudden wave of layoffs, nearly 200 Petrofac employees in the United Arab Emirates said they were unaware of their end-of-service benefits, leaving many fearing for their future and fearing years of service would go unfunded. Some estimate that the entire amount of unpaid gratuity could surpass Dh27 million,
The IT sector is still feeling the effects of Amazon's largest layoffs in its history. The people who seem to be suffering the most are engineers. Nearly 40% of the 4,700 verified job layoffs in places including New York, California, New Jersey, and Washington involve engineering positions,
The Tata Consultancy Services (TCS), India's leading IT company, has been issued a notice by the Labour Commissioner’s Office in Pune following several months of employee layoffs as the company prepares to reduce its workforce by 2%. Following several complaints from the Nascent Information Technology Employees Senate
India’s startup landscape on 10th November 2025 saw a blend of funding announcements and major developments. Health-tech and compliance-driven ventures attracted investor attention, while the gaming sector faced regulatory headwinds. From Rainmatter backing The Kenko Life’s nutrition-focused expansion to PedalStart supporting InsightAI’s AI-driven compliance solutions—and Gameskraft
As part of an administrative restructuring across many teams and tasks, real-money gambling startup Gameskraft laid off almost 400 people, up from about 120 previously, the company told Moneycontrol. These layoffs occur as the Bengaluru-based business struggles to deal with the effects of the government's recent online gaming
In a 31 October podcast, CEO Satya Nadella informed investor Brad Gerstner that Microsoft will once again increase its workforce. The staff of the software company remained steady throughout the fiscal year 2025, which concluded in June. It was 228,000, but several rounds of layoffs reduced that figure by
According to data from Layoffs.fyi, the IT industry's major layoff wave has gotten worse in 2025, with over 1,000,000 workers losing their employment at 218 organisations so far. After years of overexpansion during the pandemic, tech firms from Bengaluru to Silicon Valley are reducing workers
On 29 October, General Motors (GM) declared its intention to reduce the manufacture of batteries and electric vehicles in the United States. In response to a slowdown in demand for battery cars, it plans to lay off 1,200 employees at its EV facility in Detroit and 550 at a
According to various media reports, US retailer Target Corporation is letting off roughly 150 workers from its global capabilities centre (GCC) in India. The action is a component of the company's broader worldwide restructuring, which also includes the largest personnel decrease in ten years: 1,800 corporate job
Amazon has announced it will cut about 14,000 corporate roles globally, in a restructuring the company says is designed to simplify operations and redirect resources toward priority areas such as artificial intelligence (AI). The move was confirmed in an internal message shared by Amazon executives and in company statements
India’s startup scene stayed active on 28th October 2025, with fresh funding across fintech, AI, and edtech. Optimo Capital led the day’s deals, followed by Smallest.ai and Cybrilla. Meanwhile, OpenAI announced free ChatGPT Go access for Indian users, and Amazon revealed plans for major corporate layoffs. Daily
According to various media reports, Amazon plans to lay off up to 30,000 corporate employees starting on October 28 in order to reduce costs and make up for hiring too many staff during the pandemic's peak demand. The number is close to 10% of Amazon's
In an attempt to expedite decision-making and speed efforts to restore the declining discount retailer's client base, Target said on October 23 that it is laying off roughly 1,800 corporate personnel. According to a corporate representative, the company intends to eliminate roughly 800 open positions and is
India’s startup and tech ecosystem witnessed significant funding activity and industry updates this week. AI solutions provider Uniphore raised USD 260 million in a Series F round led by NVIDIA, AMD, Snowflake, and Databricks, while healthy snacking company Wonderland Foods secured INR 140 crore in its maiden institutional funding
A spokeswoman confirmed to CNBC on 22 October that Meta will lay off some 600 workers in its artificial intelligence division as part of its efforts to streamline operations and cut layers. Alexandr Wang, the company's chief AI officer, who was brought on board in June as part
As the bank seeks to further reduce costs and capitalise on efficiencies brought about by artificial intelligence (AI), Goldman Sachs has reportedly told its employees to anticipate another round of layoffs before the year finishes. According to an internal memo distributed to staff, the New York-based company intends to "