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Tech Layoffs

Meta Lays Off 8000 Employees: AI Restructuring Begins

Meta Lays Off 8000 Employees: AI Restructuring Begins

Meta began its largest restructuring in over a year Wednesday, laying off 8,000 employees, roughly 10% of its global workforce—as CEO Mark Zuckerberg doubles down on artificial intelligence despite mounting costs and competitive pressures.
Cognizant Layoffs: The Company May Cut Up to 15,000 Jobs, and India Is in the Crosshairs

Cognizant Layoffs: The Company May Cut Up to 15,000 Jobs, and India Is in the Crosshairs

Cognizant layoffs are back in the headlines. The IT giant’s newly launched Project Leap may eliminate up to 15,000 roles globally, with India, home to over 250,000 of its workforce, set to shoulder the heaviest blow. The restructuring is expected to cost between $230 million and $320 million.