layoffs
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Blog
Dropbox layoffs continue as firm cuts another 20% of staff
Dropbox will cut staff for the second year in a row, CEO Drew Houston has announced, with an additional 528 layoffs – 20% of the workforce – expected in the coming months. Taking full responsibility for the decision, Houston explained that the layoffs come during a transitional period in which Dropbox is looking to focus on products such as ‘Dash…
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Meta layoffs hit staff at WhatsApp, Instagram, Reality Labs divisions
Meta is reportedly laying off workers across several divisions as part of a continued cost-cutting drive. First reported by The Verge, roles at WhatsApp, Instagram, and the Reality Labs units are among those in the firing line. The move from Meta appears to coincide with an ongoing reorganization scheme within specific teams. Some workers have taken to social media in…
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Cisco layoffs cut deeper than expected as firm ramps up AI focus
Networking giant Cisco is the latest tech company to slash jobs while pledging to refocus on AI as well as cybersecurity. The company said it would slash its global staff numbers by 7% – more than 6,000 jobs – following a drop in revenue of 10% in its fourth quarter. That follows a first round of layoffs earlier in the…
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Cisco to cut thousands of roles in second batch of layoffs this year
Cisco is set to cut thousands more jobs this year as it shifts its focus to higher-growth areas and adjusts to current economic conditions. The exact number of jobs to be slashed has not been confirmed, but sources close to the matter told Reuters they expect the figure to be similar or slightly higher than the 4,000 staff it laid…
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