The U.S. just unexpectedly lost 92,000 jobs. Here’s how that could affect Fed interest rates, gas prices, and the Iran war
Jennifer Mattson / fastcompany - The latest U.S. jobs report is out and it isn’t pretty. The economy lost 92,000 jobs in February, missing expectations, as unemployment rose to 4.4%, according to data from the Labor Department. Economists had expected 60,000 new jobs in February.“The hea…
Back to Top / Friday, March 6, 2026, 2:21 pm / permalink 20282 / 8 stories in 8 hrs
More Tech Layoffs: Jack Dorsey Cuts Block’s Workforce Nearly in Half, Blames AI
Aminu Abdullahi / eweek - Block cuts 4,000 jobs as Jack Dorsey pivots to an AI-driven model despite rising profits, signaling a broader tech shift toward smaller AI-powered teams.The post More Tech Layoffs: Jack Dorsey Cuts Block’s Workforce Nearly in Half, Blames AI appeared firs…
Back to Top / Friday, February 27, 2026, 3:21 pm / permalink 19895 / 8 stories in 7 days
eBay Announces Workforce Reduction of 800 Employees Amid Strategic Overhaul
Trader Edge / parameter - eBay eliminates 800 positions in restructuring effort while acquiring Depop for $1.2B and reporting Q4 revenue growth of 15% to $2.97 billion.The post eBay Announces Workforce Reduction of 800 Employees Amid Strategic Overhaul appeared first on Parameter.
Back to Top / Friday, February 27, 2026, 8:21 am / permalink 19872 / 4 stories in 7 days
Block cuts nearly half its workforce as Dorsey credits AI, but the real reasons predate the hype
Matthias Bastian / the-decoder - Jack Dorsey blames AI for cutting nearly half of Block's workforce. But a closer look at the company's history of overhiring and structural problems tells a different story.The article Block cuts nearly half its workforce as Dorsey credits AI, but the rea…
- Breaking: Block slashes staff 40%, Dorsey defends AI pivot (7)
- Corporate fallout: CFOs and finance teams rethink operations (1)
- Critics: ‘AI excuse’ covers COVID-era overhiring and restructuring (7)
- Markets roar: stock surges, futures fall, analysts upgrade (4)
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Breaking: Block slashes staff 40%, Dorsey defends AI pivot
Corporate fallout: CFOs and finance teams rethink operations
Critics: ‘AI excuse’ covers COVID-era overhiring and restructuring
Markets roar: stock surges, futures fall, analysts upgrade
All Other Stories
Back to Top / Friday, February 27, 2026, 6:20 am / permalink 19862 / 22 stories in 7 days
Block Inc slashes 40% of its staff as Jack Dorsey pushes ‘smaller, flatter’ AI strategy
Jason Shubnell / theblock - Block is reducing its staff from over 10,000 people to just under 6,000, Dorsey said in a note to the company.
- AI-driven mass layoffs — Dorsey's companywide reset (8)
- Costs, earnings, banking growth: business impact (5)
- Market rallies: stock surge after layoffs announced (6)
- OTHER: comments, reposts and miscellaneous coverage (3)
- All Other Stories
AI-driven mass layoffs — Dorsey's companywide reset
Costs, earnings, banking growth: business impact
Market rallies: stock surge after layoffs announced
OTHER: comments, reposts and miscellaneous coverage
All Other Stories
Back to Top / Thursday, February 26, 2026, 4:21 pm / permalink 19833 / 25 stories in 8 days
EBay Is Laying Off About 800 Workers, 6% of Global Workforce
msmash / slashdot - EBay is cutting about 800 jobs, or 6% of its full-time employees, saying the layoffs are needed to align its workforce with strategic priorities. From a report: "We are taking steps to reinvest across our business and align our structure with our strategi…
Back to Top / Thursday, February 26, 2026, 10:21 am / permalink 19798 / 8 stories in 8 days
Skate's developer is laying off staff before the game leaves early access
Ian Carlos Campbell / engadget - Full Circle, the developer behind the new Skate game, has announced that it is restructuring and laying off staff. It's not yet clear how many roles will be impacted by the changes, but the restructuring is happening less than six months after skate. laun…
Back to Top / Wednesday, February 25, 2026, 7:20 pm / permalink 19767 / 3 stories in 9 days
Lucid (LCID) Stock: Slides 2% as EV Maker Cuts 12% of Workforce
Yasmin Werner / parameter - TLDR Lucid trims 12% of staff as shares slide to $9.55 in choppy trade, to cut costs Gravity SUV ramp stays on track, with output expansion targeted through 2025 Mid-size EV near $50k could broaden demand and support Lucid’s margin goals Uber-Nuro robotax…
Back to Top / Friday, February 20, 2026, 5:21 pm / permalink 19487 / 3 stories in 14 days
Ubisoft CEO Spills Beans About 2 Far Cry Projects, "Several" Assassin's Creed Games, Both Multi- and Single-Player
techpowerup - Yves Guillemot recently made an appearance in an interview with Variety, in which the Ubisoft CEO spoke about both the ongoing cost-cutting measures and in-development projects at the French gaming giant. When asked about upcoming projects in the Assassin…
Back to Top / Friday, February 20, 2026, 4:21 pm / permalink 19481 / 6 stories in 14 days
Major Shake-Up at Xbox: Phil Spencer Reitres, Sarah Bond Resigns, and Asha Sharma to Become the new CEO of Microsoft Gaming
David Carcasole / wccftech - A new report from IGN reveals that Microsoft's gaming division and Xbox are going through a major leadership shake-up. Phil Spencer will retire this coming Monday, February 23, 2026, after first joining Microsoft all the way back in 1988 as an intern. He'…
- Content shake-up, Matt Booty promoted; consoles prioritized (4)
- Longtime Xbox leaders step down; successor announced (13)
- New CEO Asha Sharma’s AI stance and vision for Xbox (9)
- OTHER: layoffs, memos, and community reaction (1)
- All Other Stories
Content shake-up, Matt Booty promoted; consoles prioritized
Longtime Xbox leaders step down; successor announced
New CEO Asha Sharma’s AI stance and vision for Xbox
OTHER: layoffs, memos, and community reaction
All Other Stories
Back to Top / Friday, February 20, 2026, 4:20 pm / permalink 19479 / 30 stories in 14 days
Splinter Cell Remake Lead Studio Ubisoft Toronto Loses 40 Developers in the Latest Ubisoft Layoffs
David Carcasole / wccftech - The Ubisoft Toronto team is at the helm of what is arguably one of Ubisoft's most significant projects, the long-awaited Splinter Cell Remake, and they're also the most recent team to get hit by the mass layoffs that Ubisoft has been conducting as part of…
Back to Top / Thursday, February 19, 2026, 2:21 pm / permalink 19435 / 3 stories in 15 days
Sony Kills Bluepoint Games: Why the Demon’s Souls Studio is Closing
Austin Blake / iphoneincanada - Sony has officially closed Bluepoint Games, the Austin-based studio renowned as the industry’s premier specialist for high-end remakes. The move marks a sudden end for the developer, which Sony only officially acquired in 2021 after years of successful pa…
Back to Top / Thursday, February 19, 2026, 2:21 pm / permalink 19431 / 8 stories in 15 days
Six xAI Co-Founders Exit Amid Grok Controversy, SpaceX Merger
David Curry / eweek - Six of xAI’s 12 co-founders have left as Musk reshapes the Grok maker after SpaceX’s xAI deal, raising fresh questions about stability.The post Six xAI Co-Founders Exit Amid Grok Controversy, SpaceX Merger appeared first on eWEEK.
Back to Top / Thursday, February 12, 2026, 3:20 pm / permalink 19097 / 5 stories in 22 days
Wildlight Lays Off Majority of Devs After Middling Highguard Launch
techpowerup - Highguard, the new free-to-play raid shooter from Wildlight Entertainment, launched in late January to high player counts that quickly dwindled after a lukewarm reception, despite bringing some unique concepts to the table. Since its launch, daily concurr…
Back to Top / Thursday, February 12, 2026, 1:21 pm / permalink 19088 / 4 stories in 22 days
Riot Games is laying off half of the 2XKO development team
Anna Washenko / engadget - Another day, another wave of gaming layoffs. Today it's Riot Games with the announcement that it's cutting jobs on its pair-based fighting game 2XKO. For context, a representative from Riot confirmed to Game Developer that about 80 people are being cut, o…
Back to Top / Monday, February 9, 2026, 4:21 pm / permalink 18955 / 4 stories in 25 days
Washington Post CEO resigns, leaving no clear strategy
Max Tani / semafor - Will Lewis and Jeff Bezos presided over a sharp decline at the definitive Washington newspaper.
Back to Top / Saturday, February 7, 2026, 8:20 pm / permalink 18906 / 8 stories in 27 days
Is AI Really To Blame For All The Tech Layoffs?
bgr - Tech layoffs have been hitting the news since the pandemic ended and AI has been projected as a major reason. However, here's the actual truth.
Back to Top / Sunday, February 1, 2026, 11:20 pm / permalink 18643 / 8 stories in 4 wks
Amazon cutting another 16,000 jobs
Ben Berkowitz / axios - Amazon said Wednesday it will cut another 16,000 jobs, just three months after slashing 14,000 roles across the company in a broad efficiency drive.The big picture: Companies have become outspoken about trying to do more with fewer people, for a mix of re…
- AI-Powered Strategic Cuts (7)
- General Layoff Announcements (6)
- Internal Reorganization Efforts (7)
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AI-Powered Strategic Cuts
General Layoff Announcements
Internal Reorganization Efforts
All Other Stories
Back to Top / Wednesday, January 28, 2026, 5:20 am / permalink 18478 / 25 stories in 5 wks
Amazon Inadvertently Announces Cloud Unit Layoffs In Email To Employees
BeauHD / slashdot - Amazon appears to have prematurely acknowledged layoffs inside AWS after an internal email referencing "organizational changes" and "impacted colleagues" was mistakenly sent to cloud employees. CNBC reports: "Changes like this are hard on everyone," Colle…
Back to Top / Wednesday, January 28, 2026, 12:21 am / permalink 18473 / 5 stories in 5 wks
Pinterest layoffs today: 15% of jobs cut as social media giant is latest to cite shift to AI
Michael Grothaus / fastcompany - Nike isn’t the only household corporate name to announce significant layoffs this week. Just a day after the sporting goods giant announced layoffs, citing a further embrace of automation, social media giant Pinterest has announced it will cut jobs. The d…
Back to Top / Tuesday, January 27, 2026, 11:20 am / permalink 18443 / 9 stories in 5 wks