Business ❯ Corporate Strategy ❯ Workforce Management ❯ Layoffs

Cost Reduction

Meta Raises 2026 AI Spend to $125–$145 Billion and Cuts Thousands of Jobs

Spending is being directed to custom chips and massive data centers, raising questions about when AI will generate direct revenue.

Coinbase Cuts About 14% of Jobs as It Rebuilds for an AI‑First Model

BBC to Cut Up to 2,000 Jobs in Biggest Reduction in 15 Years

Applied Materials Cuts 4% of Workforce, Starts Global Notifications

Peloton Posts Surprise Profit, Cuts 6% of Staff

Bumble Cuts 30% of Workforce and Boosts Revenue Outlook

Paramount Global Cuts 3.5% of U.S. Workforce to Streamline Operations