Collectively, layoff announcements by Meta, Microsoft and Nike have led to cutting down of over 24,000 jobs in the US in a ...

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Nike has announced roughly 1,400 layoffs as part of its restructuring efforts. It reflects broader challenges in the retail ...

The cuts are part of a sweeping overhaul of Nike’s operations, from tech teams to global supply chains, as the company tries ...

Meta has projected record capital expenditures this year and has announced several multibillion-dollar deals with AI partners ...

Nike is laying off about 1,400 employees in a new round of job cuts affecting North America, Asia and Europe, with many ...

Meta is undertaking a fresh round of layoffs, signalling a major shift in priorities as the company doubles down on ...

Meta and Microsoft are set to cut up to 23,000 jobs while hiring slows across the tech sector, as companies shift spending ...

The majority of the layoffs are in the activewear giant’s tech department as it consolidates its footprint and leans into ...

Meta Platforms Inc and Microsoft Corp have both taken drastic actions to trim their workforces in an effort to streamline their operations and offset heavy spending on artificial intelligence (AI).