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Microsoft Layoffs 2026: New Cuts to Hit Sales, Consulting, and Xbox
Business Insider reports Microsoft will cut under 2.5% of its workforce as soon as next week, layering fresh cuts on top of an already turbulent fiscal year for the company.
Xbox Layoffs Are Coming in July as New CEO Declares a Division-Wide Reset
Asha Sharma's blunt internal memo reveals a 3% profit margin, $500 million in lost revenue, and a studio system that overextended itself chasing too many strategies at once.
Wix Stock Price Tanks 50% as Company Announces 1,000-Employee Layoff
The website builder's AI bet turned expensive fast. Investors aren't waiting to see how it plays out.
Wix Plans Its Largest Layoffs Ever as AI Costs and Losses Mount
The website-builder giant is cutting up to 1,000 jobs - about 20% of its workforce - after a quarter that delivered losses alongside revenue growth and operating expenses that surged 50% year-over-year.
Intuit Layoffs 2026: 3,000 Jobs Cut as TurboTax Maker Bets Big on AI
CEO Sasan Goodarzi's internal memo points to AI as the reason. The real picture is more complicated.
Cisco Cuts 4,000 Jobs on the Same Day It Posts $15.8B Record Revenue
The networking giant is eliminating under 5% of its workforce while reporting its best quarterly numbers ever, calling the layoffs a strategic bet on AI, silicon, and optics - not a cost-cutting play.
Meta Is Cutting 8,000 Jobs to Fund a $145 Billion AI Bet
Zuckerberg told employees directly: the layoffs are a line item in the company's AI infrastructure budget, not a response to financial trouble.
Verizon Cuts Hundreds More Jobs Six Months After Its Largest-Ever Layoff
The telecom giant confirmed a second wave of reductions, with Basking Ridge bearing the heaviest impact, even as Q1 results showed the first signs of a real turnaround.
Coinbase Cuts 14% of Staff and Bets Its Future on AI-Native Teams
Brian Armstrong frames the layoffs not as a crisis response but as a deliberate rebuild around artificial intelligence.
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