Oracle Corp. signage on the floor of the New York Stock Exchange (NYSE) in New York, US, on Wednesday, Dec. 31, 2025. Michael Nagle | Bloomberg | Getty Images Oracle stock traded slightly lower Wednesday as the multinational tech conglomerate looked to cut thousands of jobs to free up cash to build artificial intelligence data…
Epic Games has announced a sweeping reduction in workforce, cutting more than 1,000 employees. In a memo, CEO Tim Sweeney attributed the decision to a significant downturn in Fortnite engagement that began in 2025. This decline has resulted in the company spending substantially more than it earns, necessitating drastic measures to maintain financial stability. Read:…
Meta Platforms is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter have said, as Meta seeks to offset costly AI infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers. No date has been set for the cuts and the magnitude has not…
RationalFX has identified 30 700 job cuts globally in just over a month. (Image source: 123RF) Just weeks into 2026, the global technology sector is already shedding jobs at a pace that could eclipse last year’s total. More than 30 000 tech employees have been laid off worldwide since January, according to data compiled by…
2025 saw global tech sector layoffs reach 244 851. In 2025, 244 851 people were laid off in the global technology industry. This, as companies like Intel, Amazon and Microsoft, among others, continued to intensify investments in artificial intelligence (AI) technologies. This is according to data released by RationalFX, which tallied figures based on layoff…
Sad female worker carrying her belongings while leaving the office after being fired Isbjorn | Istock | Getty Images Layoffs have been a defining feature of the job market in 2025, with several major companies announcing thousands of job cuts driven by artificial intelligence. In fact, AI was responsible for almost 55,000 layoffs in the…
Microsoft has confirmed a new round of layoffs, impacting as many as 9,100 employees, or approximately 4 percent of its total workforce, as reported by The Seattle Times. The cuts are significantly affecting Microsoft’s Xbox division, known as Microsoft Gaming, though precise numbers for individual teams are not yet available. Read: What to expect at…
