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News
Amazon, Oracle Led Q1 2026 Layoff Wave
Amazon cut ~16,000 corporate roles in Q1 2026 while reporting AWS growth of 24% — its fastest in 13 quarters. Oracle eliminated …
16 May 2026
News
Cloudflare Cuts 1,100 Jobs After AI Usage Jumps 600%
Cloudflare announced cuts of 1,100+ staff (20% of workforce) in early May 2026. The firm reported internal AI usage increased mo…
16 May 2026
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PayPal Cutting 4,760 Jobs in $1.5B AI Overhaul (May 9)
PayPal plans to eliminate ~20% of its 23,800-person workforce over two to three years. CEO cited removing 'duplication and layer…
16 May 2026
News
Meta to Lay Off 8,000 on May 20
Meta is set to cut 8,000 employees on May 20, with further rounds projected to reach nearly 20% of its total workforce later in …
16 May 2026
News
128,000+ Tech Jobs Gone in 2026 — 1,002 Per Day
According to Layoffs.fyi, 286 tech company layoffs have impacted 128,270 workers in 2026 so far — a rate of 1,002 people per day…
16 May 2026
News
Cisco Beats Earnings, Cuts 4,000 Jobs for AI Pivot
Cisco reported Q3 FY2026 non-GAAP EPS of $1.06 (beat by 1.92%), revenues of $15.84B (+12% YoY). The company announced 4,000 job …
16 May 2026
News
New Fed Chair Kevin Warsh Takes Over (May 15, 2026)
Kevin Warsh was confirmed by the Senate on May 13 and takes over as Fed Chair today as Powell's term ends. April CPI came in at …
16 May 2026
News
Markets Fall on Yields & Oil Surge (May 15, 2026)
US stocks retreated Friday as Treasury yields spiked 9 bps to 4.55% (a one-year high) and Brent crude climbed near $109/barrel, …
16 May 2026
News
Voluntary buyout model lets Microsoft reduce headcount without formal layoffs
Offering voluntary buyouts to 7% of US workforce (~8,750 of 125,000 US staff). First time Microsoft has offered buyouts of this …
7 May 2026
News
Meta Confirmed 8,000 layoffs (10% of workforce) starting May 20
Confirmed 8,000 layoffs (10% of workforce) starting May 20. Also scrapping 6,000 open positions. Meta CEO Zuckerberg signalled t…
7 May 2026
News
Over 92,272 jobs impacted globally due to AI
Over 92,272 jobs impacted globally between Jan–Apr 2026, across Oracle, Meta, Snap, Block, Amazon, Dell and 150+ others. April 2…
7 May 2026
News
AI-Driven Layoffs — The Biggest Stories Right Now
Prediction markets are flashing red Traders on Kalshi now assign nearly 92% odds to tech layoffs in 2026 surpassing the total fr…
7 May 2026
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US Economy Grew 2.2% in 2025 — Consumer Spending & AI Investment Drive Growth
US real GDP rose 2.2% in 2025 (down from 2.8% in 2024), supported by consumer spending (+2.7%) and gross private domestic invest…
7 May 2026
News
Deloitte Cuts PTO by 5–10 Days, Freezes Pension Plan — Morale Hits Rock Bottom
Deloitte announced cuts to employee benefits: PTO reduced by 5–10 days and the company's pension plan is being frozen with no ne…
7 May 2026
News
KPMG Restructures: Reducing Global Country Units from 120+ to 30–40 by End of 2026
KPMG is implementing a substantial restructuring plan to reduce its global country units from over 120 to between 30 and 40 by e…
7 May 2026
News
PwC Cuts 1,500 US Jobs in Audit & Tax — Second Major Layoff in 12 Months
PwC laid off approximately 1,500 US employees in May 2025 (2% of its 75,000-person US workforce), primarily in audit and tax div…
7 May 2026