During a call with investors on Wednesday night, Cisco executives discussed the layoffs further, with CFO Mark Patterson saying, “This was really not a savings-driven restructure,” according to a transcript of the call. “Things are moving incredibly fast right now,” he said. “And this is more realigning from an already strong base, as you’re seeing… Read More »
HP Inc. said that it will lay off 4,000 to 6,000 employees in favor of AI deployments, claiming it will help save $1 billion in annualized gross run rate by the end of its fiscal 2028. HP expects to complete the layoffs by the end of that fiscal year. The reductions will largely hit product… Read More »
Enlarge / Blizzard shared this image teasing a now-cancelled game in 2022. Blizzard Entertainment/Twitter reader comments 97 The survival game that Blizzard announced it was working on in January 2022 has reportedly been canceled. The cut comes as Microsoft is slashing jobs a little over four months after closing its $69 billion Activision Blizzard acquisition.… Read More »
reader comments 77 with Back in March, the editor-in-chief of the 25-year-old, Amazon-owned camera review site DPReview.com announced that the site would be closing in April. The site was the casualty of a round of layoffs at Amazon that will affect a total of about 27,000 employees this year; DPReview was meant to stop publishing… Read More »
Enlarge / Amazon has announced 27,000 layoffs since November 2022. Nathan Stirk/Getty Images reader comments 121 with Share this story Amazon will lay off another 9,000 workers in the coming weeks. The news was delivered in an email from company CEO Andy Jassy to employees this morning and follows large cuts in November and again… Read More »