Dropbox Slashes 20% of Workforce in Major Restructuring Effort
Dropbox announces layoffs of 528 employees amid challenges in its core business. CEO Drew Houston cites the need for a flatter structure and increased focus on AI technologies to compete in a rapidly evolving market.
Meta's Strategic Shift: Targeted Layoffs Across Key Platforms
Meta initiates focused layoffs affecting WhatsApp, Instagram, and Reality Labs, marking a departure from previous mass reductions. This strategic realignment impacts notable employees and signals a more nuanced approach to organizational management.
Intel Slashes 1,300 Jobs in Oregon as Part of Global Workforce Reduction
Intel announces significant layoffs at its Gordon Moore Park facility in Oregon, cutting 1,300 jobs as part of a larger plan to reduce its global workforce by 15,000. The tech giant faces financial challenges and seeks to regain its competitive edge in the AI and chip manufacturing landscape.