Topic
workforce reduction
Technology Xbox Layoffs Cut 3,200 Jobs as Microsoft Resets Gaming Strategy
Microsoft's Xbox division has laid off 3,200 employees (20% of staff) as part of a 'reset' led by new CEO Asha Sharma. The cuts follow a broader industry downturn that has seen nearly 58,000 video game job losses since 2022, driven by over-hiring during the pandemic and rising production costs.
Technology Oracle Cuts 21,000 Jobs in Major Restructuring to Focus on AI, Annual Report Shows
Oracle cut 21,000 jobs globally in the past year, according to its latest annual report, as the technology giant pivots to AI. The reductions, about 13% of its workforce, resulted in $1.8bn in severance costs. The company warned that restructuring may cause productivity loss but is necessary as it invests heavily in AI infrastructure.
Technology Oracle Sheds 21,000 Jobs in a Year as AI Replaces Some Roles, Annual Report Shows
Oracle cut about 21,000 jobs in the past year, citing AI deployment as a factor. The company paid $1.8bn in severance and warned of further workforce reductions. The cuts are part of a wider tech industry trend with over 100,000 layoffs.
Business Expeditors International to Lay Off 230 Tech Workers in Restructuring
Expeditors International will lay off 230 technology workers beginning August 8, 2026, as part of a restructuring of its global tech department, per a notice filed with the Washington State Department of Employment Security. The company reported 2025 revenue of $2.86 billion, down 3% year-over-year, and net income of $200.7 million, down from $235.9 million.