memo
Cisco is cutting “fewer than 4,000 jobs” as the networking giant restructures its business to focus more heavily on artificial intelligence, according to a memo from CEO Chuck Robbins published Wednesday. Loading audio narration… The layoffs, which affect less than 5% of Cisco’s workforce, come as the company reported stronger-than-expected…
Walmart is cutting or relocating about 1,000 corporate jobs to address redundancies and duplicate roles. Loading audio narration… A spokesperson for the retail giant confirmed the number of roles affected to Business Insider on Tuesday. The Wall Street Journal earlier reported the news.A person familiar with the restructuring said it…
What’s the new normal for a company whose CEO is all in on AI and cutting jobs as a result? Look no further than DeepL’s layoffs memo. Loading audio narration… The German AI translation startup recently cut about 250 employees, over 21% of staff. In his message posted on LinkedIn,…
Cloudflare is laying off more than 1,100 employees as the cybersecurity company says it is reorganizing for the “agentic AI era,” according to a memo sent to staff on Thursday. Loading audio narration… The cuts came hours after the company reported first-quarter earnings that beat Wall Street expectations, though shares…
Delta Air Lines is canceling hundreds of flights — far more than its competitors — and its strained scheduling system is largely to blame, Business Insider has learned. Loading audio narration… Since Friday, Delta has canceled about 500 flights, while American Airlines and United Airlines have canceled a combined total…
After Microsoft reported quarterly results on Wednesday, CFO Amy Hood sent an internal memo to employees highlighting “increased pace” and “tighter, more accountable squads.” Loading audio narration… “Thank you for the way you showed up this quarter — with focused execution and increased pace as the opportunity ahead of us…
Disney is shuffling its streaming commerce and data teams as a top executive exits. Loading audio narration… Ajay Arora, Disney’s SVP of product management and engineering, is leaving the company on April 30, product and tech chief Adam Smith told employees late last week in a memo obtained by Business…
Meta announced to employees that it is planning on laying off around 10% of the entire company on May 20, according to an email. Loading audio narration… Meta currently employs over 78,000 people worldwide, so the move will affect approximately 7,800 of the company’s staff. The company is also eliminating…
Billionaire Ken Griffin was targeted last week by New York City Mayor Zohran Mamdani — and now the Citadel founder’s right-hand man is suggesting the hedge fund could rethink a $6 billion project. Loading audio narration… The clip shared by Mamdani called out Griffin by name as the mayor and…
Snap has become the latest tech company to announce sweeping layoffs. Loading audio narration… In a memo to employees released in a regulatory filing on Wednesday, CEO Evan Spiegel said Snap would cut 1,000 employees, about 16% of its global workforce, citing “rapid advancements” in AI and “small squads” using…
