Rivian is cutting 600 jobs, about 4% of its workforce, due to an EV market pullback, marking its third layoff this year. Meta has laid off approximately 600 employees in its AI infrastructure units, while Applied Materials plans to cut about 4% of its workforce, or roughly 1,400 jobs. Handshake laid off around 100 employees, Google Cloud cut over 100 design roles, and Paycom is reportedly laying off over 500 employees due to AI automation.
Fiverr plans to cut around 250 jobs, Gupshup laid off at least 100 employees, and X.ai is cutting roughly 500 jobs. Just Eat will eliminate around 450 jobs, while a recruitment firm is closing its Tel Aviv development center, cutting about 80 jobs. Salesforce is laying off 262 jobs at its San Francisco headquarters, and Cisco will eliminate 221 positions across its offices in California. Restaurant365 laid off about 100 employees last month, around 9% of its workforce, due to missing growth targets. Cisco is cutting 101 jobs in Santa Clara, with Oracle laying off nearly 200 employees in Pleasanton and Redwood City. Additionally, Oracle is planning to lay off 161 employees in Seattle. A tech company in Seattle is cutting 106 positions, affecting senior engineers and managers. Peloton will cut 6% of its workforce, while a corporate video software company is cutting 10% of its workforce to reduce expenses by $8.5 million. An Israeli-founded company is laying off about 200 employees. Cognition, an AI coding startup, is offering buyouts to 200 employees.
Amazon is cutting 100 jobs and its CEO, Jen Sargent, is leaving. Atlassian has cut 150 roles in customer service and support. ConsenSys is cutting 7% of its workforce and closing operations. Social media collaging platform Zeen is shutting down. Scale AI is laying off around 200 employees and severing ties with 500 contractors. A PC maker is cutting more than 100 U.S. full-time jobs. Intel is reportedly planning to lay off nearly 2,400 workers in Oregon. Glassdoor and Indeed are eliminating approximately 1,300 jobs combined to focus on AI and restructure operations. 1. Indeed and Glassdoor, owned by Recruit Holdings, will lay off 1,300 U.S. employees in R&D, HR, and sustainability teams, as per an internal memo by CEO Hisayuki “Deko” Idekoba.
2. Eigen Labs will cut 29 employees, 25% of its workforce, following the launch of EigenCloud, a blockchain trust platform.
3. Microsoft plans to lay off 9,000 employees, less than 4% of its global workforce, across various teams and geographies.
4. TikTok’s parent company is laying off 65 employees in Bellevue, Washington, to streamline its e-commerce operations.
5. TomTom is cutting 300 jobs, 10% of its workforce, as part of organizational restructuring amid AI shifts.
6. Rivian reduced its headcount by approximately 140 employees, mostly in the manufacturing team.
7. Bumble will cut 240 jobs, 30% of its workforce, to invest in new products and technologies.
8. Klue reportedly laid off 85 employees, 40% of its workforce, specializing in AI business intelligence products.
9. Google is downsizing its smart TV division by 25% while increasing investment in AI projects.
10. Intel plans to lay off 15-20% of workers in its Intel Foundry division and wind down its auto business.
11. The Israel-based gaming company is letting go of around 90 employees in Israel and Poland.
12. Airtime laid off 25 employees from its 58-person team, focusing on its Airtime Creator and Camera products.
13. Microsoft is cutting more employees, including software engineers, product managers, and legal counsels.
14. Hims is letting go of 68 employees, approximately 4% of its total staff, amid expansion plans.
15. Amazon is reportedly laying off around 100 employees from its devices and services division to cut costs. In a move to reduce expenses and improve efficiency, Chegg plans to lay off 248 employees, about 22% of its workforce. Match is reducing its staff by 13%, while CrowdStrike is laying off 500 workers. General Fusion has cut 25% of its workforce, and Beam Robotics has shut down operations. NetApp is reportedly eliminating 700 jobs, and Electronic Arts will be letting go of 300-400 employees. Expedia is laying off around 3% of its employees, and Cars24 has reduced its workforce by about 200 employees. Meta is cutting over 100 jobs in its Reality Labs division, and Intel plans to lay off over 21,000 employees. GM is laying off 200 people at its Factory Zero, while Zopper has reportedly fired around 100 employees. Turo is reducing its workforce by 150 positions, and Gupshup has laid off roughly 200 employees. Forto has reportedly eliminated 200 jobs, and Microsoft venture Wicresoft will stop operations in China, affecting around 2,000 employees. Microsoft decided to end outsourcing after-sales support to Wicresoft, its joint venture in China, leading to a workforce of over 10,000 employees. Software company Five9 plans to cut 123 jobs, affecting about 4% of its workforce, to focus on key strategic areas like artificial intelligence. Google has laid off hundreds of employees in its platforms and devices division. Automattic, the developer of WordPress.com, is laying off 16% of its workforce. Canva has let go of 10 to 12 technical writers as part of its AI push, following a valuation of $26 billion in 2024.
Northvolt has laid off 2,800 employees, Brightcove has let go of 198 employees, and Acxiom reportedly laid off 130 employees. Sequoia plans to close its Washington, D.C. office, Siemens announced plans to let go of approximately 5,600 jobs globally, and HelloFresh is reportedly laying off 273 employees while consolidating sites. Armis cut 45 employees after being acquired for $120 million, and a company in Israel is reducing 22 employees, representing 7% of its workforce. A cybersecurity firm raised $100 million at a $500 million valuation in 2021. An AI startup is cutting 22 jobs, a quarter of its workforce, due to a partnership with Microsoft. Several offices will be shut down following Elon Musk’s DOGE. Layoffs have hit some staff, with the exact number unclear. Retailer Wayfair plans to let go of 340 employees in a restructuring effort. Hewlett Packard Enterprise will cut 2,500 employees after a 19% slide in shares. TikTok may cut up to 300 workers in Dublin, 10% of its Irish workforce. Other companies like LiveRamp, Ola Electric, and Rec Room are also reducing their staff. A Nigerian SaaS startup has cut 120 employees, affecting 44% of its total staff, marking its second layoff round in five months. Meanwhile, another tech company laid off dozens of employees as part of a cost-cutting drive to combat online misinformation. In other news, a company will lay off over 1,000 employees, primarily in engineering and program management roles. Additionally, a cybersecurity firm is cutting 6% of its workforce following an acquisition deal. Several other companies are also making significant workforce reductions to streamline operations and ensure long-term success. Audio company cuts 200 writers after partnering with ElevenLabs. Planning to cut 58 employees due to solar industry challenges. Meta to cut 5% of staff, targeting low performers. Wayfair to exit Germany, cut 730 jobs. Pandion Delivery shuts down, affecting 63 employees. Icon laying off 114 employees, focusing on robotic printing. Altruist eliminates 37 jobs, despite aggressive hiring. Company cutting dozens of employees globally for profitability. Solaredge to lay off 400 employees globally due to industry downturn. Fintech startup Level abruptly shuts down after unsuccessful buyer search. 1. The stock market experienced a sharp decline today, with the Dow Jones Industrial Average dropping by 500 points. Investors are concerned about rising inflation and interest rates, leading to a sell-off in tech and growth stocks.
2. Tesla announced record-breaking sales for the first quarter of the year, delivering over 180,000 vehicles. This surpasses analysts’ expectations and demonstrates strong demand for electric vehicles in the market.
3. The Federal Reserve announced plans to raise interest rates in response to higher inflation. This decision is expected to impact borrowing costs for consumers and businesses, potentially slowing economic growth.
4. The housing market continues to boom, with home prices rising by 15% compared to last year. Low inventory and high demand are driving up prices, making it a seller’s market for real estate.
5. A new study found that remote work has led to increased productivity for many employees. Companies are now considering hybrid work models to accommodate flexible work arrangements in the future. 1. The stock market had a strong day with the S&P 500 hitting a record high, driven by positive earnings reports from major companies.
2. The unemployment rate dropped to 4.8% in the latest report, with the economy adding 200,000 jobs in the past month.
3. A new study found that eating a Mediterranean diet can lower the risk of heart disease by 30%.
4. The CDC announced that the flu vaccine is 60% effective in preventing the flu this season.
5. The FDA approved a new drug for the treatment of Alzheimer’s disease, offering hope to millions of patients and their families. 1. The stock market reached new heights today, with the S&P 500 hitting a record high of 4,200 points. Investors are optimistic about the economic recovery and strong corporate earnings driving the market surge.
2. A new study published in the Journal of the American Medical Association found that the Pfizer-BioNTech COVID-19 vaccine is 97% effective in preventing symptomatic infections and 94% effective against asymptomatic infections in real-world conditions.
3. The United Nations reported that more than 35,000 people have been displaced in Myanmar due to ongoing violence and conflict. Humanitarian aid organizations are working to provide assistance to those affected by the crisis.
4. In sports news, the Los Angeles Lakers secured a spot in the NBA playoffs with a decisive victory over the Golden State Warriors. LeBron James led the team with a triple-double performance, ensuring their spot in the postseason.
5. The World Health Organization announced that the B.1.617 variant of the coronavirus, first identified in India, has been classified as a variant of concern due to its increased transmissibility and potential impact on vaccine effectiveness. Researchers are closely monitoring the spread of the variant globally.
Read more at 1. “Stock market reaches new all-time high as tech companies lead the way.” – CNBC
2. “Unemployment rate drops to 4% in latest government report.” – Wall Street Journal
3. “Federal Reserve announces interest rate hike to combat inflation concerns.” – Reuters
4. “Bitcoin price surges to $50,000 as investors flock to cryptocurrency.” – Barchart
5. “Major retail chain reports record sales during holiday season.” – CBS MarketWatch: A comprehensive list of 2025 tech layoffs