Layoffs News
Latest articles and news about Layoffs on AXL Media.
Latest Articles
- Meta Eliminates Eight Thousand Positions to Reallocate Resources Toward Artificial Intelligence Investments
Published: Apr 24, 2026
Section: Companies & Industry
Meta is reportedly cutting 10% of its global workforce, impacting 8,000 employees as part of a strategic shift toward AI development. The reduction follows a series of previous lay...
- Microsoft Announces Historic Voluntary Retirement Program Impacting Seven Percent of United States Workforce
Published: Apr 24, 2026
Section: Online Gaming
Microsoft has introduced its first voluntary redundancy initiative in over 50 years, offering a retirement package to eligible U.S. staff at senior levels or below. The program, wh...
- PNC Financial to Implement Permanent Layoffs for 777 Workers at Lakewood West Colfax Facility
Published: Apr 21, 2026
Section: Banking & Finance
PNC Bank has issued a formal WARN Act notice confirming the permanent separation of 777 employees from the former FirstBank headquarters in Lakewood, Colorado. The layoffs, set to...
- PNC Financial Initiates Post-Acquisition Job Cuts as Lakewood Merger Integration Targets Overlapping Roles
Published: Apr 21, 2026
Section: Banking & Finance
PNC Financial has confirmed that up to 777 corporate employees in Lakewood face displacement following its $4.1 billion acquisition of FirstBank earlier this year. The workforce re...
- PNC Financial to Cut 777 Lakewood Corporate Positions Following $4.1 Billion FirstBank Acquisition
Published: Apr 21, 2026
Section: Banking & Finance
PNC Financial has notified Colorado labor officials of plans to eliminate up to 777 roles at FirstBank’s Lakewood corporate headquarters as the two institutions finalize their merg...
- Global Games Industry Crisis Sees 44% of Professionals Mulling Exit as Redundancies Sweep Key Markets
Published: Apr 18, 2026
Section: Online Gaming
A comprehensive survey by recruitment firm Skillsearch reveals that nearly half of all video game professionals are considering leaving the sector following a year of intensive lay...
- Verizon CEO Shifts Strategy From Price Hikes to Human Centric AI Service Amid Subscriber
Published: Apr 18, 2026
Section: Companies & Industry
Verizon CEO Daniel Schulman has announced a major strategic pivot, admitting that the company’s reliance on price increases without subscriber growth is an unsustainable model. Fol...
- Disney Initiates New Round of Job Cuts Targeting Marketing Department
Published: Apr 10, 2026
Section: Jobs & Careers
The Walt Disney Company is preparing to reduce its global workforce by approximately 1000 positions as part of a strategic cost-cutting effort. This latest round of layoffs represe...
- Raleigh Tech Firm Pendo Cuts 10 Percent of Workforce Amid Strategic AI Restructuring
Published: Apr 9, 2026
Section: Companies & Industry
Pendo has announced the elimination of 90 positions, including 30 roles at its Raleigh headquarters, as part of a broader company reorganization. CEO Todd Olson stated the move is...
- GoPro Initiates Major Workforce Reduction to Fund Strategic Pivot Toward Artificial Intelligence
Published: Apr 9, 2026
Section: Companies & Industry
GoPro has announced a plan to cut 23% of its global workforce by the end of 2026 as it attempts to recover from a weak 2025 fiscal year. The restructuring is designed to redirect c...
- Oracle Appoints New CFO With 29.7 Million Dollar Package Following Global Workforce Reduction Of 30,000
Published: Apr 8, 2026
Section: Companies & Industry
Oracle has named Hilary Maxson as Chief Financial Officer, granting her a lucrative compensation deal including a 26 million dollar equity grant and a relocation allowance. The app...
- Former Google Engineer Issues Urgent Warning On Corporate Loyalty Following Sudden Job Termination
Published: Apr 8, 2026
Section: Science & Tech
Ex-Google staffer Jason Zhang has sparked a global conversation regarding workplace boundaries after being laid off despite years of personal sacrifice. Zhang revealed that his com...