In the memo, the executives announced that the chain would be initiating more layoffs-this time cutting around 500 positions. However, the majority of the job cuts will not impact store-level retail workers. Instead, the memo says that about 400 jobs will be lost across its distribution and another 100 jobs will go across its store district level.
Scope3 makes second round of layoffs Scope3 has implemented another round of redundancies, its second in less than half a year, as the adtech firm continues to reshape its business around agentic media capabilities. The company, headed by programmatic advertising pioneer Brian O'Kelley, would not confirm the number of positions impacted but said it had made additional changes across its commercial and engineering functions in response to evolving market needs.
"As we expanded from PC to console, we saw consistent trends in how players were engaging with 2XKO," Cannon says in the post. "The game has resonated with a passionate core audience, but overall momentum hasn't reached the level needed to support a team of this size long term." The smaller team will "dig in and make key improvements to the game, including some of the things we've already heard you asking for."
It hurts. All of it. For many of us who have dedicated ourselves to this career, journalism isn't just a job. It's a calling built on service, sacrifice and a belief in the public good. Losing this job, and watching others lose theirs, is extremely disheartening. And of course, losing a job doesn't just disrupt income, but also shakes up our routine, our connections and our general sense of usefulness and belonging. What do we do when that sense of purpose is suddenly gone?
Oracle's investments in AI may prove costly. Investment bank TD Cowen says the company hopes to reduce costs to finance its ambitious AI infrastructure build. To that end, it has already accumulated $58 billion in debt in two months. A round of layoffs affecting 30,000 employees is possible, while even a spin-off of Oracle Health, formerly Cerner, is being considered. Since September, Oracle has lost half of its market value, which currently stands at just under $400 billion.
As companies bet big on AI's development-from Google saying it will double its capital expenditure to Meta's bet on an AI acceleration in 2026-Americans have soured on the technology. While most say they've used AI, more have grown wary: 50% say they're more concerned than excited about the technology, according to recent Pew research. That's up from 37% in 2021. And just 10% say they are more excited than wary about the technology.
My last layoff, from a news-adjacent tech startup, came via Google Hangouts. My access to everything was turned off at the beginning of the call and I had to dial in from my personal account to finish getting laid off. By this point, I had seen several colleagues laid off, the company's lone human resources person leave and a new chief revenue officer come in. I was prepared, and it made a difference.
Nobody tells you that getting laid off might be one of the best things that ever happened to you. When I lost my job during those brutal media industry cuts, I spent four months in my pajamas, eating cereal for dinner, and questioning every career choice I'd ever made. But here's the strange part: looking back now, that experience fundamentally changed who I am as a person. And I mean that in the best possible way.
Amazon is cutting 16,000 corporate jobs, pushing thousands of workers into a job market already crowded with tech talent. Business Insider was all over the news, with scoop after scoop, including internal messages revealing which teams and jobs were affected. The layoffs followed the 14,000 job cuts Amazon announced back in October. And it's not just Amazon.
Three Tri-Valley school districts are facing significant financial dilemmas heading into next year, with budget cuts and potential layoffs threatening to hit classrooms. Dublin, Pleasanton and Livermore schools are all grappling with multi-million dollar budget deficits in the 2026-27 school year, with the districts citing declining enrollment and decreased state and federal funding as having created budget holes that will likely lead to difficult decisions.
UN's Palestinian refugee agency cast into forced austerity: 600 staff members laid off, Gaza salaries cut by 20%, working hours reduced; aid access blocked amid worsening humanitarian crisis. Gaza City After 18 years as a teacher with an UNRWA-run school, Maryam Shaaban (name changed for safety reasons) fainted upon learning she was among 600 employees dismissed from their posts, the latest in a barrage of devastating blows borne out of Israel's genocidal war on the besieged enclave.
Will AI lead to layoffs? Are people already losing their jobs to AI? While overall employment in the U.S. is still relatively low, there is considerable speculation that the adoption of generative AI was a cause of recent layoffs and slowed hiring, particularly in the tech industry, for entry-level workers, and in customer service and programming jobs. More may be coming: Leading CEOs-including those from Ford, Amazon, Salesforce, and JP Morgan Chase-have proclaimed that many white-collar jobs at their companies will soon disappear.
