Tag
Layoffs
9 articles
Anchorage Digital Cuts 68 Jobs as Crypto Downturn Deepens
The federally chartered digital asset bank eliminated 17 percent of staff despite recent stablecoin expansion and a $100 million Tether investment.
Nike Stock Crashes 10% on China Collapse, Weak Outlook; Citi Unmoved
Nike reported a 4 percent Q1 revenue decline and $2.5 billion cost-cutting plan, but Wall Street sees limited upside despite deep discounts on the stock.
Xbox CEO Sharma: Division Not for Sale During Deep Cost Cuts, Strategy Shift
Asha Sharma, appointed in February, confirms Xbox remains a long-term commitment despite thousands of layoffs and studio divestitures, pursuing a new operating model and content strategy.
Apple Halts 5,000 Support Layoffs During AI Customer Service Rollout
Apple considered replacing 5,000 AppleCare employees with AI-powered agents before pausing the plan, even as its customer support lines now route to a new generative AI system.
TikTok Shuts Nashville Office, Cuts 250 Content Moderation Jobs
TikTok is closing its Music Row office two years after opening it, laying off 250 content moderation employees in a push to consolidate operations.
FalconX Cuts 10 Percent of Staff, Drops Singapore License Bid
The digital asset prime broker pulls its MAS application and pivots to derivatives as Bitcoin holds $63,734 during a prolonged market downturn.
Monday.com Cuts 600 Jobs in Bet on AI-First Operating Model
The work management software company is reducing 20 percent of its workforce as it shifts capital from headcount to AI infrastructure and specialized talent.
Patreon Cuts 93 Jobs as AI Rewires Platform Economics
The creator platform is eliminating 20 percent of its workforce, with engineering and product teams absorbing the bulk of cuts as CEO Jack Conte cites AI-driven efficiency gains.
Amazon Cuts Selling Partner Staff: AMZN Targets $300 on Margin Expansion
Latest layoffs in third-party seller services division signal sustained cost discipline as company prioritizes profitability over growth