Download the app
App StorePlay Store
Beige
Login
← All tags

job cuts

Cisco shares surge to record as AI demand lifts forecast and reshuffles jobs for silicon investment

Cisco shares surge to record as AI demand lifts forecast and reshuffles jobs for silicon investment

Cisco shares soared 17% to a record high after the networking giant delivered strong results tied to booming AI demand and raised its annual revenue forecast. The rally could be its biggest one-day gain in over two decades, reminiscent of the May 2002 surge that followed strong earnings after the dotcom crash. Cisco also announced nearly 4,000 job cuts and a $1 billion AI-focused restructuring, shifting spending into silicon, optics, security, and AI enablement.

Summarised by Beize from a story on The Economic Times on 14 May 2026
Walmart Plans 1000 Corporate Job Cuts as AI Takes Over Tech and Operations

Walmart Plans 1000 Corporate Job Cuts as AI Takes Over Tech and Operations

Walmart is reportedly considering cuts or relocations of about 1,000 corporate employees as it restructures its technology and AI work. The retailer appears to be blending its global technology and AI product teams into a single operating model while investing more in AI-driven operations, automation, and digital infrastructure under CEO John Furner.

Summarised by Beize from a story on Startup Talky on 13 May 2026

Your news, in seconds

App StorePlay Store
GitLab to cut jobs and rebuild around AI agents as CEO Bill Staples charts a new course

GitLab to cut jobs and rebuild around AI agents as CEO Bill Staples charts a new course

GitLab says it will cut jobs to free resources for AI agents, betting on the “agentic” wave to automate internal workflows and boost efficiency. The plan includes reducing management layers and reorganizing R&D teams to integrate AI agent capabilities. The CEO adds that while some roles may be enhanced with AI, others will be expanded to keep momentum.

Summarised by Beize from a story on The Economic Times on 12 May 2026
Porsche Launches Cost Cutting Plan Slashing 500 Jobs and Closing Three Subsidiaries Amid EV Slump

Porsche Launches Cost Cutting Plan Slashing 500 Jobs and Closing Three Subsidiaries Amid EV Slump

Porsche is cutting more than 500 jobs and closing three subsidiaries as falling EV demand and weaker China sales squeeze profits. The restructuring shifts focus back to its core car business, shutting Cellforce Group’s battery operations, ending Porsche eBike Performance, and closing Cetitec’s software and digital communications unit. The move signals a broader luxury auto recalibration.

Summarised by Beize from a story on Startup Talky on 11 May 2026
Truecaller cuts 70 jobs after ad revenue falls 44%

Truecaller cuts 70 jobs after ad revenue falls 44%

Truecaller is cutting around 70 jobs after its ad revenue fell sharply, dropping 44% year over year. The company’s reduced advertising income is cited as the main driver behind the layoffs, reflecting tougher conditions for ad-based monetization. The move signals increased cost pressure as the firm adjusts its operations to a weaker revenue cycle.

Summarised by Beize from a story on TechCrunch on 8 May 2026
Nissan to cut 900 jobs across Europe while keeping Sunderland production running

Nissan to cut 900 jobs across Europe while keeping Sunderland production running

Nissan is restructuring its European operations by eliminating 900 jobs and consolidating production into its Sunderland, UK plant. The automaker will merge two assembly lines into one while making most changes across Europe rather than cutting production jobs at Sunderland. The move supports Nissan’s RE:Nissan recovery strategy aimed at reducing surplus capacity, boosting flexibility, and responding faster to demand shifts amid mounting EV and cost pressures.

Summarised by Beize from a story on Startup Talky on 8 May 2026

Never miss a story

App StorePlay Store
Freshworks posts strong Q1 but announces fresh job cuts amid AI push

Freshworks posts strong Q1 but announces fresh job cuts amid AI push

Freshworks reported strong Q1 results, but the company also signaled new job cuts as it accelerates investment in AI. The ETtech Top 5 also highlights earnings updates from PB Fintech and Meesho, adding more momentum and volatility to India’s tech and commerce landscape. Investors will be watching how AI spending reshapes teams and growth plans.

Summarised by Beize from a story on The Economic Times on 6 May 2026
Kyndryl announces job cuts and cost overhaul as profit outlook disappoints analysts

Kyndryl announces job cuts and cost overhaul as profit outlook disappoints analysts

Kyndryl, a major software and IT services firm, has unveiled a new cost-saving plan alongside job cuts. The company expects annual pretax profit to come in below Wall Street estimates, with a goal of significantly lowering operating costs by fiscal 2028. Shares fell sharply on the news, even as demand for IT services remains resilient.

Summarised by Beize from a story on The Economic Times on 6 May 2026
Cognizant to cut 15000 jobs worldwide under AI driven Project Leap restructuring

Cognizant to cut 15000 jobs worldwide under AI driven Project Leap restructuring

Cognizant is preparing for a major workforce reset under Project Leap, with potential cuts of 12,000 to 15,000 jobs worldwide. The company earmarked up to $270 million for employee related expenses within a $230 million to $320 million restructuring budget. With AI and automation driving a shift toward a “future operating model,” India is expected to face the heaviest impact.

Summarised by Beize from a story on Startup Talky on 6 May 2026
Nissan to cut 10% Europe jobs as 900 roles face risk amid factory reshuffle

Nissan to cut 10% Europe jobs as 900 roles face risk amid factory reshuffle

Nissan plans to cut about 10% of jobs in Europe, putting roughly 900 roles at risk, as part of a wider global restructuring aimed at cutting costs and improving performance. In the UK, the automaker is changing how its Sunderland factory operates and is in talks with other companies to make use of additional space, signaling a push to stay resilient in a tough car market.

Summarised by Beize from a story on The Economic Times on 5 May 2026

Reading on mobile?

App StorePlay Store
Big Tech pours billions into AI as thousands lose jobs in March quarter scramble

Big Tech pours billions into AI as thousands lose jobs in March quarter scramble

Big Tech’s March quarter 2026 earnings show revenue rising across the board, driven by an AI-led shift in spending. Companies are forecasting record AI infrastructure capex of over $674 billion for 2026, while also rolling out widespread job cuts. The plan: redirect savings into data centers and AI buildouts at a pace that’s reshaping workforce strategy.

Summarised by Beize from a story on The Economic Times on 3 May 2026
Cognizant plans to cut 4000 roles as Project Leap reshapes AI hiring strategies

Cognizant plans to cut 4000 roles as Project Leap reshapes AI hiring strategies

Cognizant is reportedly preparing to cut around 4,000 roles under “Project Leap” to speed up AI adoption and streamline operations. The move comes even as the company plans to raise fresher intake, signaling a shift from traditional roles to AI-aligned work. The restructuring highlights how quickly global IT hiring is changing under pressure to modernize.

Summarised by Beize from a story on Republic on 1 May 2026
Nike to cut 1400 jobs as technology teams face hardest layoffs in global operations shuffle

Nike to cut 1400 jobs as technology teams face hardest layoffs in global operations shuffle

Nike plans to eliminate about 1,400 roles in its global operations business, with technology teams hit the hardest, COO Venkatesh Alagirisamy said in an internal memo. The move is part of the final phase of a turnaround effort “to make Nike simpler and faster,” merging systems, streamlining structures, and reshaping infrastructure and supply-chain alignment. Managers will personally notify affected staff.

Summarised by Beize from a story on Startup Talky on 24 Apr 2026
Unilever freezes hiring as Iran war boosts shipping costs and forces tougher workforce moves

Unilever freezes hiring as Iran war boosts shipping costs and forces tougher workforce moves

Unilever says it will freeze new hiring after higher shipping costs tied to the Iran war squeeze margins. The cost pressure is also prompting workforce reductions and changes to bonus structures, signaling a broader push to protect profitability amid ongoing disruption in global trade routes.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

Follow your favourite sources

App StorePlay Store
Page 1

The full experience is on mobile.

Swipe through stories, personalise your feed, and save articles for later — all on the app.

Download on the App StoreGet it on Google Play