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COMPANY PROFITS LAYOFFS
Company lays off a huge number of employees after celebrating record profits, then tells survivors to get back to work and ‘absolutely crush Q1’ - but one worker now refuses to give their life to workA company that recently celebrated record profits has laid off a large number of employees, then urged those who remained to “absolutely cr...- Another airline shuts down as US-Iran war keeps fuel costs high; hydrogen-electric air taxi startup abandons plans before launching passenger flightsAustralia's Stralis, an airline startup, is shutting down after plans for hydrogen-electric air taxi flights failed to reach commercial rea...
- Tech layoffs 2026: More than 175,000 workers laid off as Apple, Microsoft, Oracle, Amazon, Meta, TikTok, Uber, LinkedIn as dozens of companies cut jobs amid AI boomTech layoffs are accelerating in 2026 as big companies such as Apple, Microsoft, Oracle, Amazon, Meta, Linkedin, TikTok, Visa and dozens of...
- AI's Bar Mitzvah moment: Aswath Damodaran explains what AI means for businessesAswath Damodaran says AI’s investment debate should shift from hype and skepticism toward evaluating it as a business. He argues revolution...
- Vishal Garg, Indian-origin Better CEO who fired 900 employees on Zoom in 2021, sacked 5 years later; here's whyVishal Garg, the Indian-American entrepreneur, has been removed as chief executive of Better Home & Finance. The company's board cited conc...
- Oracle plans fresh layoffs as AI spending piles up billions in debt: ReportOracle is reportedly planning another round of job cuts. This move aims to reduce payroll while investing heavily in AI infrastructure. The...
- Shein finds there's no place like China after Vietnam warehouse experiment disappointsU.S. exemptions for duties on small parcels from China that underpinned its business model looked as if they would be abolished, Donald Tru...
- Etsy posts strong second quarter, then cuts 12% of workforce; CEO Kruti Patel Goyal says layoffs aren't driven by AI or cost-cuttingEtsy is reducing its global workforce by approximately twelve percent. This significant restructuring impacts around two hundred twenty emp...
- US stocks: Dow, S&P 500 close at record highs as AI earnings impress, oil prices tumbleStock markets soared to all-time highs on Tuesday, fueled by stellar earnings from corporations. AI-focused entities like Palantir and the ...
- Meta cut 8,000 jobs. CEO Mark Zuckerberg says AI is creating more work—but not inside MetaMeta's chief executive states artificial intelligence generates jobs via infrastructure demands. Thousands of corporate roles disappeared w...
- IT industry not creating new jobs, funds diverted to AI, data centre costs: Sridhar VembuIn a post on social media platform X, Vembu noted that while the IT industry, including Zoho, has avoided large-scale layoffs, it has faile...
- AI, data centre costs are slowing IT hiring, Zoho Founder Sridhar VembuZoho Corporation's founder notes IT job growth is slowing significantly. Funds are now diverted to rising artificial intelligence and data ...
- Chime to cut 10% of total workforce on AI driven efficienciesFintech firm Chime is reducing its workforce by ten percent. This move aligns with a broader trend of companies using AI for operational ef...
- Meta misses profit expectations, sticks to massive AI spendingThe Facebook and Instagram parent company reported free cash flow of $784 million in the second quarter ended June 30, down from $8.55 bill...
- Starbucks raises annual forecasts again as turnaround takes rootStarbucks has raised its annual sales and profit forecasts again. The company's turnaround strategy has reignited demand and improved custo...
- Cognizant logs marginal dip in Q2 net, revenue rises 4.5%The Nasdaq-listed company revised its full year revenue forecast to $22.04-22.35 billion, implying 4.4-5.9% growth (4.0-5.5% in constant cu...
- More layoffs at Krutrim; PhonePe vs PaytmHappy Tuesday! Ola’s AI startup Krutrim has conducted another round of layoffs, sources told us. This and more in today’s ETtech Morning Di...
- Krutrim trims staff again, this time by another halfThe fresh job cuts come just months after ET reported on May 6 that the Bhavish Aggarwal-led startup had abandoned much of its original ful...
- Infosys’ next CEO; Swiggy renews Indian-ownership bidInfosys announced on Thursday that company veteran Ashiss Kumar Dash will be the CEO from April 2027. This and more in today’s ETtech Top 5.
- Tata Communications flags role cuts, takes Rs 44.78 cr chargeTata Communications is restructuring its organization, incurring a one-time staff cost optimization charge. The company reported a decline ...
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