Takeda announced a new multiyear restructuring program. This program will eliminate approximately 4,500 roles during the 2026 fiscal year. The company expects to incur $1.07 billion in restructuring costs. It projects over $1.26 billion in annualized... — read more 

Walmart Inc. confirmed it will eliminate some jobs. These cuts affect corporate staff, not retail workers. The company is simplifying its digital operations. This involves reducing organizational layers and consolidating teams. Layoffs are a result... — read more 

LinkedIn plans to cut about 5% of its global workforce. This reorganization will eliminate approximately 875 positions. The company aims to shift focus toward growing business areas. AI automation is not the reason for these specific headcount... — read more 

General Motors is laying off 500 to 600 information technology workers. These job cuts affect employees globally. The company aims to reorganize its technology operations. GM stated this reorganization requires different skills and reduces overlap... — read more 

Freshworks will cut 11% of its global workforce, approximately 500 jobs. This decision is partly due to rapid advancements in artificial intelligence. CEO Dennis Woodside stated AI now writes over half of the company's code. Automation has reduced... — read more 

Oracle laid off approximately 20,000 employees globally earlier this year. Former workers are now disputing the severance terms and forfeited stock grants. Many lost significant unvested equity, with one employee losing nearly $1 million. Concerns... — read more 

IBM is facing a lawsuit. The suit alleges racially discriminatory layoffs. It claims Black executives were targeted. This raises questions about IBM's diversity and governance. The case could impact investor perception and client relationships. ... — read more 

Nearly 38,000 US jobs were cut in the first 10 days of May 2026. This affected sectors like technology, finance, and aviation. Spirit Airlines ceased operations, impacting 14,000 employees. Many companies cited AI-driven restructuring and cost... — read more 

Spirit Airlines ceased all operations last weekend. This action eliminated over 15,000 jobs nationwide. Many airports, especially smaller ones, lost significant or all commercial service. Other airlines like Breeze and JetBlue are adding routes to... — read more 

Biotech layoffs are slowing in 2026 compared to the previous year. BioNTech announced a major restructuring, eliminating 1,860 jobs. Vistagen reduced its workforce by 20% after a dr-g trial failure. Replimune cut 224 positions following an FDA dr-g... — read more 

4.3 percent. That is from Reuters.

U.S. layoffs decreased overall in early 2026. The technology sector experienced a rise in job cuts. Tech companies cut 85,411 jobs this year. This is a 33% increase from the same period last year. Artificial intelligence spending is the main reason... — read more 

U.S. employers announced 83,387 job cuts in April, a 38% increase from March. This total marks the third highest for April since 2009. Technology companies led all industries in layoff announcements, often citing AI spending as a reason. Artificial... — read more 

Packaging manufacturers are implementing significant workforce reductions and facility shutdowns. Clearwater Paper is cutting 70 positions and 50% production capacity at its Arkansas mill. Gerresheimer Glass will close its Chicago Heights plant... — read more 

Activist investor Ryan Cohen has proposed acquiring eBay Inc. He sharply criticized eBay's current operating structure and large workforce. Cohen stated that 11,500 employees do not make sense for an asset-light business. He plans aggressive... — read more 

PayPal plans to cut 20% of its staff. This reduction will take place over the next two to three years. The company aims to accelerate its adoption of artificial intelligence. These job eliminations are also part of a cost-cutting initiative. CEO... — read more 

Colleges across the United States announced hundreds of layoffs and buyouts in April. Budget deficits, state funding reductions, and enrollment losses drove these decisions. Hampshire College and Anna Maria College are closing and laying off hundreds... — read more 

Toptal predicts growth in remote tech roles. These jobs demand extensive prior experience. This trend happens amidst broad technology job cuts. More than 150,000 technology positions were cut by April. AI integration increases demand for expert... — read more 

Coinbase announced it will cut approximately 700 jobs. This represents about 14% of its global workforce. The company cites crypto market volatility and cost reduction as reasons. It also aims to reposition the business for the artificial... — read more 

A new House bill proposes changes to student loan forgiveness. H.R. 8475 would allow unemployment deferral months to count toward forgiveness. Currently, these months do not advance the forgiveness timeline. The bill aims to expedite relief for... — read more 

Colleges nationwide announced hundreds of layoffs and buyouts in April. Many institutions face budget deficits and funding challenges. Hampshire College and Anna Maria College are closing, leading to significant job losses. Other universities like... — read more 

Estée Lauder announced an increase in its layoff target. The company now plans to cut up to 10,000 positions. This is an increase from the previously announced 7,000 layoffs. The move supports the company's revitalization plan. Shares rose... — read more 

The tech industry recorded 93,038 layoffs in the first four months of 2026. Meta announced 8,000 additional job cuts, making its 2026 total 10,400. The company cited efficiency and a focus on AI development. Oracle has the most layoffs, with 25,254... — read more 

The upcoming week features several key labor market indicators. April's employment report is expected to show a solid increase in private payrolls and a lower unemployment rate. Other data points include ISM NM-PMI, which should confirm continued... — read more 

Shopify recently laid off at least 30 employees. These cuts occurred in April across Canada and the U.S. The affected staff worked in operations and customer support roles. The company is reorganizing its revenue and support teams. Shopify aims to... — read more 

Many mid-career millennials are dissatisfied with their current jobs. They prefer an external push like a layoff to voluntarily leaving. A survey by online education platform ELVTR found 37% of millennials are unhappy in their roles. Nearly six in 10... — read more 

WARN notices indicate ongoing U.S. company layoffs in May. These notices provide public indicators of large job cuts. Companies across various industries are announcing reductions. Meta plans to lay off 8,000 global employees starting May 20. Other... — read more 

7-Eleven is undergoing a company-wide reorganization. This restructuring includes an undisclosed number of employee layoffs. The changes affect various departments and leadership roles. This initiative is part of the retailer's broader transformation... — read more 

A recent blog post highlighted the practice of "ghostworking." This involves employees doing the bare minimum required for their jobs. Layoff anxiety and burnout are increasing among American workers. This environment makes ghostworking more... — read more 

Infosys CEO Salil Parekh confirmed the company has no plans for layoffs. He stated Infosys has not conducted any layoffs in the past year. Parekh believes artificial intelligence expands work opportunities rather than reducing them. The company... — read more 

Cognizant announced Project Leap, a restructuring program costing up to $320 million. The company allocated up to $270 million for employee-related expenses, including severance. This plan aims to realign operations for an AI-driven environment... — read more 

https://techgig.com/amp/news/jobs-layoffs/ai-reshapes-tech-jobs-indian-it-firms-issue-layoff-warnings/130165883

Forvis Mazars reduced its United States workforce. This adjustment impacts about 250 employees. Audit, tax, and consulting roles saw reductions. The company explained that attrition rates were lower than anticipated. Other public accounting firms... — read more 

Salesforce will recruit 1,000 new graduates and interns. This hiring push supports the company's AI-led product development. CEO Marc Benioff announced this initiative on X. The broader tech sector saw over 81,000 layoffs this year. Major tech... — read more 

March 2026 marked the worst month for tech layoffs in two years. Tech firms globally dismissed around 38,000 employees that month. Overall, 92,272 tech workers were laid off between January 1 and April 20. Oracle alone accounted for 30,000 of these... — read more 

The PGA Tour recently posted new job openings. This occurred just days after 56 roles were eliminated. New positions include a head of business development and a director of international media. Executive Laura Neal also moved to a new role as... — read more 

Healthcare layoffs are increasing across the U.S. due to rising costs and restructuring. These job cuts, including thousands at Cigna and Viatris, reduce employer-sponsored health benefits. Patients losing coverage face fragmented and expensive... — read more 

Layoffs continue across major industries, causing financial and emotional shock for many. Experts advise workers to focus on perspective, networking, and new tools to move forward. Monique Kelley emphasizes consistent networking, especially on... — read more 

Artificial intelligence is creating a significant divide in the global workforce. Professionals with AI skills are seeing increased productivity and higher paychecks. Companies like Meta and Amazon are restructuring roles, with AI handling repetitive... — read more 

Republic National Distributing Company (RNDC) issued conditional WARN notices. These notices potentially affect 2,774 workers across several states. The action relates to a pending transaction with Reyes Beverage Group. RNDC is restructuring... — read more