Dyson’s Profits Plummet by Nearly 50% in ‘Difficult’ Year In a surprising turn of events, Dyson, the renowned technology company famous for its innovative household products, has reported a staggering drop in profits by almost 50% in what has been described as a challenging year for the brand. The company, known for its cutting-edge vacuum […]
Highsnobiety To Wind Down E-Commerce, Lay Off Staff
Highsnobiety To Wind Down E-Commerce, Lay Off Staff Highsnobiety, a prominent player in the realm of streetwear and culture, has made a strategic decision to close its e-commerce division by the year’s end. This move comes as the company aims to realign its focus on bolstering its core businesses and optimizing its overall operations for […]
Nike Cuts Corporate Staffers Amid Realignment
Nike Cuts Corporate Staffers Amid Realignment Nike, the global sportswear giant, is making headlines once again with its recent decision to cut corporate staffers as part of a realignment strategy. The layoffs, which are said to impact less than 1 percent of the company’s corporate team, come as part of a broader restructuring effort led […]
Shiseido Americas to Undertake ‘Wide-Ranging’ Layoffs
Shiseido Americas to Undertake ‘Wide-Ranging’ Layoffs Shiseido Americas, a prominent player in the beauty industry, is set to make significant changes to its US workforce. The Japanese beauty conglomerate has announced plans to undertake a series of wide-ranging layoffs in response to slowing sales and a challenging macroeconomic climate. This strategic move reflects the company’s […]
Xbox projects cancelled amid Microsoft layoffs
Xbox Projects Cancelled Amid Microsoft Layoffs In a recent turn of events, Microsoft has made the tough decision to cancel several gaming projects under the Xbox umbrella. Among the casualties are highly anticipated titles like Perfect Dark and Everwild, which have now been scrapped due to the company’s restructuring efforts following a series of layoffs […]
Microsoft to cut thousands more jobs in July amid AI focus
Microsoft to Cut Thousands More Jobs in July Amid AI Focus After the recent announcement of cutting 6,000 jobs in May, Microsoft is gearing up for another round of layoffs in July. These strategic workforce reductions are part of the tech giant’s ongoing efforts to realign its resources and focus on AI-driven growth strategies. With […]
Nike Lays Off Some Workers in Shakeup of Technology Division
Nike Lays Off Some Workers in Shakeup of Technology Division Nike, the global sports apparel giant, has recently announced a round of layoffs within its technology division. These cuts come as part of a broader strategy to reset priorities and streamline operations. The management at Nike is aiming to execute a turnaround plan to drive […]
AI push spurs Microsoft to slash 6,000 Jobs in largest layoffs in two years
AI Push Spurs Microsoft to Slash 6,000 Jobs in Largest Layoffs in Two Years Microsoft is cutting roughly 6,000 jobs—nearly 3% of its global workforce—in its biggest round of layoffs in the past two years. This move comes as the tech giant shifts its focus towards artificial intelligence (AI) and cloud computing, showcasing the ever-evolving […]
Meta cuts jobs in Reality Labs
Meta Cuts Jobs in Reality Labs: Navigating Challenges Amid Ambitious Tech Investments Meta, formerly known as Facebook, has been at the forefront of virtual and mixed reality technology, aiming to revolutionize the way we interact with the digital world. However, as the company refines its vision for Reality Labs, recent layoffs have shed light on […]
Economic and Regulatory Pressures Prompt Consensys Layoffs
In a significant move reflecting the challenges faced by the cryptocurrency industry, Consensys, a leading Ethereum software company, has announced job cuts affecting 20% of its workforce. This decision translates to the termination of approximately 162 employees from a total staff of 828. Joseph Lubin, the CEO of Consensys, cited ongoing macroeconomic challenges and increased […]