Layoffs
Source reports covering Layoffs. Stories will appear when analysis and community reactions are ready.
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Source reports
CEO who fired 900 people on Zoom just before Christmas wants his job back
news
4 min read
Vishal Garg, the former CEO of Better Home & Finance, was fired on August 3 after previously laying off 900 employees via Zoom before the 2021 holiday season. Garg claims he was misled by his successor, Daniel Lewis, who expressed support for the company's strategy before taking his position.
Zuckerberg 'Admits' Meta's Layoffs Were Ineffective
news
4 min read
Mark Zuckerberg stated that Meta's layoffs were ineffective and did not lead to the expected acceleration in the development of AI agents over the past four months. He expressed that the company's new structural bets on these automated systems have not yet yielded the desired results.
Jobs and Software Is Fucked
opinion
4 min read
The job market for software engineers is currently challenging, with many facing difficulties in securing positions after layoffs. A software engineer with around ten years of experience, including seven years at Blizzard, expresses frustration over recent interview processes following a layoff in June 2025.
Coinbase Cuts 700 Jobs and CEO Warns Every Company Will Do the Same
news
3 min read
Coinbase is cutting 700 employees, representing 14% of its workforce, as part of a restructuring focused on AI. CEO Armstrong is eliminating pure management roles and testing one-person teams utilizing AI agents, following a $667 million net loss and a 21.6% revenue drop in Q4 2025.
Today I've made the difficult decision to reduce the size of Coinbase by ~14%
news
1 min read
This is an email I sent earlier today to all employees at Coinbase: Team, Today I’ve made the difficult decision to reduce the size of Coinbase by ~14%. I want to walk you through why we're doing this now, what it means for those affected, and how this positions us for the
Meta to cut 10% of jobs
news
1 min read
Meta plans to cut 10% of its workforce, equating to 8,000 employees, starting May 20. The company will also pause hiring for 6,000 open roles.
Oracle slashes 30k jobs
news
3 min read
Oracle is implementing significant layoffs, with estimates indicating that between 20,000 and 30,000 employees will be affected. The notification of job cuts was communicated via email to employees early in the morning.
Epic Games to cut more than 1k jobs as Fortnite usage falls
news
2 min read
Epic Games will lay off over 1,000 employees due to declining engagement in "Fortnite." The company aims to save $500 million by cutting contracting, marketing expenses, and eliminating some open roles.
Meta is reportedly laying off up to 20 percent of its staff
news
1 min read
Meta plans to lay off up to 20 percent of its workforce, potentially eliminating around 15,800 positions. This round of layoffs follows a previous reduction of 22,000 employees between November 2022 and early 2023.
Meta planning layoffs as AI costs mount
news
3 min read
Meta is planning layoffs that could impact 20% or more of its workforce as it aims to offset the costs associated with artificial intelligence infrastructure. Executives have indicated that these plans are in response to the need for greater efficiency with AI-assisted workers.
Layoffs at Block
news
3 min read
The company is reducing its workforce by nearly half, from over 10,000 employees to just under 6,000. Affected employees will receive a severance package of 20 weeks' salary plus an additional week for each year of service.