Daily Headlinez Top News Updates
Disney CEO Josh D’Amaro has announced that the company is undergoing a change, working to reshape its massive media empire. In a memo to employees, the CEO said that the company is cutting approximately 1,000 roles this week to “streamline” its operations. According to the memo, the majority of the job losses are a direct…
Salesforce CEO Marc Benioff is pushing back on the narrative that AI is driving mass white-collar layoffs, calling it an oversimplification—and in some cases, a CEO’s “lazy way out.” While companies like Block and Atlassian have framed sweeping cuts as AI-driven restructuring, Benioff argues they’re conflating three very different problems. At Salesforce, he’s doing the…
Layoffs can be called as one of the ‘biggest’ words of 2025. Companies across sectors cut jobs. Some reasoned them on automation and some on restructuring or other factors. However, according to Goldman Sachs analysts, the era of Wall Street rewarding companies for cutting staff in the name of artificial intelligence may be coming to…
Amazon recently eliminated around 14,000 corporate positions, marking its biggest job cuts since the pandemic-era. Now, it appears that once again the company has fired hundreds of employees. According to a filling on the state’s WARN (Worker Adjustment and Retraining Notification) dashboard, Amazon has laid off 660 employees across nine of its New York City…
Online commerce giant Amazon has announced that it is cutting around 14,000 corporate jobs. Amazon’s senior vice president of people experience and technology, Beth Galetti shared a blog post announcing the job cuts. In the post, Galetti said the company is making “organizational changes across Amazon” that will result in an “overall reduction in our…
Microsoft is reportedly demanding much higher profits from its Xbox gaming division than what’s typical in the video game industry. According to a report by Bloomberg, the tech giant has set a tough new goal: Xbox must achieve 30% “accountability margins” – Microsoft’s term for profit margins – across all its gaming operations. This target,…
Amazon is reportedly set for another round of layoffs. According to a report in Fortune, the ecommerce giant is preparing to cut as much as 15% of its Human Resources (HR) staff. There are also additional layoffs reportedly planned in other divisions. The report quotes multiple sources said to be familiar with the Amazon layoff…
Goldman Sachs has reportedly informed its staff to expect an additional round of job cuts before the end of the year, as the bank looks to achieve further savings and leverage efficiencies gained through artificial intelligence (AI). The New York-based firm plans a “limited reduction in roles across the firm” and will “constrain headcount growth…
