Companies laying off staff this year include Meta, Amazon, and Groupon — see the list
Layoffs have hit over 30 companies in 2026, including Meta, Walmart, and Groupon, as AI and economic conditions reshape the ...
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Snap to cut 1,000 jobs as AI reshapes operations
Snap Inc., the parent company of Snapchat, will lay off about 1,000 employees—16% of its workforce—and eliminate over 300 open roles as it pivots toward AI-driven operations. CEO Evan Spiegel ...
Reuters
Exclusive: Airbus targets 10% cost cuts over global uncertainty and supply snags
PARIS, May 19 (Reuters) - Europe's Airbus (AIR.PA), opens new tab has ordered a ‌fresh 10% reduction in most non-industrial spending as global uncertainty and supply chain problems continue to squeeze ...
List of Banks in Belarus
Exclusive-Airbus targets 10% cost cuts over global uncertainty and supply snags
PARIS, May 19 (Reuters) - Europe's Airbus has ordered a fresh 10% reduction in most non-industrial spending as global uncertainty and supply chain problems continue to squeeze its core jetliner ...
Chicago Tribune
Chicago Public Schools to cut teaching staff to help close $732.5 million deficit
Chicago Public Schools is planning to cut teaching staff to help close a $732.5 million deficit as it rolls out school-level budgets for next year, though the exact number of eliminated positions ...
Inc
Cloudflare Just Cut 20% of Its Workforce. The Reason Why Is a Warning for the ‘Agentic AI’ Era
Agentic AI is soon to win Employee of the Month. After reporting positive first-quarter earnings, Cloudflare announced that it will be cutting 20% of its workforce, citing artificial intelligence as ...
CNBC
Cloudflare stock sinks 24% after earnings as company cuts 1,100 employees due to AI changes
Cloudflare shares plummeted after-hours Thursday as the company announced it is cutting over one-fifth of its workforce. The company's first-quarter earnings beat analysts' expectations. CEO Matthew ...
Microsoft
The state of global AI diffusion in 2026
Today we published our latest Global AI Diffusion Report. The global adoption of artificial intelligence continued to rise in the first quarter of 2026. During the quarter, AI usage increased by 1.5 ...
Snap says its $400M deal with Perplexity ‘amicably ended’
The deal, announced last November, would have seen Perplexity's AI search engine integrated directly into Snapchat.
24/7 Wall St
Stellus Capital cuts dividend 15% after 13-year streak; 16.6% yield masks coverage trouble
Stellus Capital Investment (SCM) cut its dividend 15% to $0.1133 monthly, first cut in 13 years despite 16.6% yield. SCM’s net interest income fell to $59.1M in 2025 from $64.1M in 2024 as borrowing ...
Reuters
Freshworks to cut 11% jobs as AI reshapes software industry
May 5 (Reuters) - Freshworks (FRSH.O), opens new tab said on Tuesday it would cut 11% of its workforce, or about 500 jobs, as the business-software company navigates the industrywide disruptions ...