Meta Platforms Inc. plans to lay off around 10% of its global workforce, affecting roughly 8,000 employees, as the company pushes to improve efficiency while ramping up heavy investment in artificial intelligence.

Walt Disney's new CEO, Josh D'Amaro, announced layoffs in an email to employees on Tuesday as part of efforts to streamline the company's operations.

Oracle is facing mounting criticism after filing thousands of H-1B visa applications to hire foreign workers while simultaneously cutting thousands of jobs globally.

Meta Platforms is considering major layoffs that could affect 20% or more of its workforce, according to people familiar with the discussions, as the tech giant ramps up massive investments in artificial intelligence infrastructure.

Shares of financial technology company Block, Inc. surged more than 20% in after-hours trading after Chief Executive Officer Jack Dorsey announced plans to lay off more than 4,000 employees, citing the growing role of artificial intelligence in streamlining operations.

A judge has temporarily halted the Trump administration's plans to lay off thousands of federal workers amid the government shutdown.

Starbucks has announced a series of major measures to revitalize its struggling business, including the closure of numerous cafés and a second round of layoffs at its headquarters.

Microsoft announced on Wednesday that it will lay off approximately 9,000 employees, affecting under 4% of its global workforce.

The cuts follow CEO Brian Niccol's appointment in September, where he was tasked with addressing declining customer demand.

Meta has reportedly initiated layoffs across various departments, including WhatsApp, Instagram, and Reality Labs, according to sources familiar with the situation.