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Microsoft to layoff 1,000 employes at Xbox as CEO Asha Sharma orders 'reset'

Microsoft's Xbox division is bracing for major layoffs in July, with reports suggesting up to 1,000 jobs could be cut and a studio closure possible. New Xbox CEO Asha Sharma, in a blunt memo to staff co-signed with Matt Booty, called for a full business "reset," flagging a 3% margin, $20 billion in spending, declining revenue, and a hardware component crisis pushing console parts 5x higher.

Meta layoffs: More than half of job cuts are in two US states

Meta is cutting thousands of jobs, focusing on software developers and middle managers. This restructuring aligns with CEO Mark Zuckerberg's vision for a leaner company. The layoffs are driven by Meta's substantial investment in artificial intelligence. California and Washington are most affected. Other departments like data science and product management also saw reductions.

After slamming Anthropic for AI-led layoffs David Sacks responds to startup’s latest 'warning'

David Sacks, former AI Czar, criticizes AI firm Anthropic. He calls their warnings about AI dangers fear-mongering. Sacks points to Anthropic hiring software engineers at high salaries while claiming AI will eliminate these jobs. Anthropic's research paper highlights recursive self-improvement as an existential threat. The company's AI assistant, Claude, now writes over 80% of its code.

Salesforce lays off staff working on Agentforce AI despite major push

Salesforce is reportedly conducting another round of job cuts, impacting employees on its Agentforce AI platform. This follows earlier layoffs and a strategic shift towards AI-powered products, with CEO Marc Benioff even considering rebranding the company as Agentforce. Despite past adoption concerns, Salesforce claims Agentforce has achieved over $1 billion in annualized revenue.

After cutting 8,000 jobs, Mark Zuckerberg may have found a new way to fund Meta’s AI dreams

Meta's is looking to offload billions in stock, fresh off those layoffs, to bankroll Mark Zuckerberg's huge AI Superintelligence Labs. This follows Google's big money grab, showing Big Tech is really digging deep for AI infrastructure. Meta's massive spending on data centers and chips means they need more than just cutting staff to get the cash.

TCS chairman N Chandrasekaran says company has no layoff plans

TCS Chairman N Chandrasekaran confirmed no layoffs and a continued hiring strategy, though massive campus hiring may cease. He emphasized AI as a significant opportunity, not a threat, with AI revenues nearing $2.5 billion annually and projected to be 100% of revenue by 2028-2030. AI is seen as intelligence infrastructure, creating new opportunities and talent needs.

Layoffs announced at Sam Altman's $2.5 billion startup amid revenue struggles

Sam Altman's eyeball-scanning startup, Tools for Humanity, is reportedly cutting jobs as it navigates its next strategic phase. Despite a significant valuation and user sign-ups, the company faces challenges in demonstrating revenue generation and regulatory approval for its "Orb" technology. This news emerges as OpenAI, also led by Altman, files for its IPO.

She Survived Meta Layoffs. Her Entire Team Didn't

Three years on, Meta job cuts have expanded from 11,000 to more than 30,000.

The Dallas housing shift: How H-1b visa curbs and tech layoffs in US are cooling the market

Amazon engineer criticises company for $200B AI spending after slashing 30,000 workers

Amazon engineers have voiced concerns over the company's massive AI infrastructure investments alongside significant layoffs. Speaking at a Seattle City Council hearing, they highlighted the irony of building data centers to power AI that replaces human jobs. This led to a yearlong ban on new data center construction in Seattle, allowing time for new regulations.

Google Cloud layoffs hit Mandiant, threat intel teams

Opinion: Opinion | Panic In Silicon Valley: Why 15,000 Indians Fled US Last Year - With More On Their Way

More than 15,000 Indian tech professionals returned home from the US in 2025, and 7,300 have already returned this year, driven by layoffs, visa denials, and a job market that's fast becoming a nightmare.

US stocks today: Dow soars 800 points to hit record as Iran optimism offsets chip slump, weak jobs data

Wall Street advanced on Thursday as ​progress toward ending the Iran war buoyed investor sentiment, while disappointing results from Broadcom led a chip selloff that held the Nasdaq's gains in check.The blue-chip Dow surged, hitting a record closing high with a boost from healthcare and financial stocks.The S&P 500 posted more muted gains, while the Nasdaq ‌ended essentially unchanged. Chipmaker Broadcom ⁠missed revenue ⁠expectations, sending its shares tumbling and casting a pall over the AI frenzy, which has sent chip stocks soaring so far this year."About the only blemish ​on the market at this point is Broadcom, and I think investors are buying the dip," said Paul Nolte, senior wealth adviser and market ​strategist at Murphy & Sylvest in Elmhurst, Illinois. "I don't think investors have given up on chips yet, but what they've yet to come to grips with, 'Is this real? Are these valuations legitimate?' I'm not sure yet that investors have really questioned that." The U.S. House of Representatives ​passed a measure on Wednesday that would block President Donald Trump from continuing ⁠the war on Iran. Additionally, ‌a U.S.-mediated ceasefire agreement between Israel and Lebanon, an essential condition of an Iranian agreement to ​a peace deal, bolstered ​optimism of a near-term resolution to the war. But the truce was rejected by the pro-Iran Hezbollah, ⁠which said it would not withdraw troops from Lebanon.A drop in front-month crude ​futures reflected hopes that tanker traffic through the crucial Strait of Hormuz could shortly resume."How many ​deals have we had? It's always right around the corner, a corner we've yet to reach," Nolte added. "Things are moving, but are they moving at a pace that's going to allow the world to get back to what passes for normal in a few weeks, a few months, or maybe sometime next year?"On the economic front, initial jobless claims unexpectedly rose 6.1%, and first-quarter labor costs and productivity were revised sharply lower. A report from Challenger, Gray and Christmas showed layoffs announced by U.S. corporations jumped 11% in ‌May to 97,006. Nearly 40% of those layoffs were attributed to AI.According to preliminary data, the S&P 500 gained 31.14 points, or 0.41%, to end at 7,584.82 points, while the Nasdaq Composite lost 19.72 points, ​or 0.07%, to 26,834.26. The ​Dow Jones Industrial Average rose ⁠875.09 points, or 1.73%, to 51,562.16.Chipmaker Marvell Technology gained, while Advanced Micro Devices, Micron Technology and Qualcomm lost ground on the day.The healthcare sector got a boost from UnitedHealth after Bank of America raised its rating on the healthcare conglomerate's shares to "buy."The financial index's rebound ​followed a sharp selloff in the previous session due to revived concerns over private credit. Blackstone shares advanced after it became the latest asset manager to cap withdrawals from its flagship private credit fund following a rise in redemption requests. Cybersecurity firm CrowdStrike slumped after reporting an increase in quarterly operating expenses. An investor roadshow for Elon Musk-led SpaceX began on Thursday ahead of its market debut on June 12. It aims to raise $75 billion in a record IPO that would value it at $1.75 trillion.

'Punjab focused more on...': Sachin Tendulkar explains PBKS' downfall

Punjab Kings experienced a dramatic IPL 2026 collapse, losing six straight after a perfect start. Despite a strong coaching team, they missed playoffs. Sachin Tendulkar attributed Punjab's downfall to a shift from process to results. He also lauded Gujarat Titans' consistent performance, highlighting their ability to manage volatility throughout the season.

After 8,000 layoffs, Meta updates 7,000 employees on reshuffle

Meta is making big changes. Thousands of employees are moving to new AI teams. This is part of a major company-wide AI focus. CEO Mark Zuckerberg wants to strengthen Meta's AI position. Some workers are calling it an 'AI draft'. The company is also developing new AI tools. This restructuring shows Meta's growing commitment to artificial intelligence.

After warning of entire job category losses, Sam Altman says AI firms are hiring more

OpenAI's Sam Altman now contends that AI adoption correlates with increased hiring, not job losses. He suggests companies blaming layoffs on AI might be underutilizing the technology, calling it a "convenient way" to explain cuts. Altman believes human interaction and expertise remain central, with successful AI integration augmenting, not replacing, workers.

Amid Layoffs In US, Nvidia To Hire H-1B Talent, Salary Up To Rs 4.64 Crore

Nvidia Chief Executive Officer Jensen Huang is himself an immigrant born in Taiwan.

Meta layoffs: What WARN filing reveals about state where employees are impacted

Meta has laid off thousands of California employees, primarily software engineers, as it restructures to prioritize artificial intelligence. This move, impacting locations like Menlo Park and Sunnyvale, reflects a broader tech industry shift towards AI-driven operations. The company aims to reallocate resources to critical AI initiatives, with affected employees receiving severance packages.

Nvidia CEO agrees with TCS, Salesforce, SAP CEOs: It's an incredible time to be a software company

Nvidia CEO Jensen Huang dismisses fears of a "SaaSpocalypse," asserting that agentic AI presents immense opportunities for software firms. He argues that AI agents will boost, not replace, software, provided companies adapt their products. Huang also criticizes CEOs blaming AI for layoffs, calling such justifications "lazy" and illogical given AI's recent widespread adoption.

Anthropic CEO's stark warning on AI-driven layoffs