Search results for "layoffs"
6 results found
Programming
Feb 27, 2026VentureBeat
The Agentic Shift: Block's 4,000+ AI-Driven Layoffs & What It Means
Block, Jack Dorsey's company, cut over 4,000 staff (40%) despite strong financial performance, attributing it to new AI efficiencies and a pivot to an "intelligence-native" operational model. This move, driven by a focus on "agentic AI infrastructure," signals a fundamental shift in how tech companies might scale and manage operations. It prompts other enterprises to audit their own workflows for similar AI-driven consolidation.
Read →
Tech
Feb 27, 2026TechCrunch
Jack Dorsey just halved the size of Block’s employee base — and he
Block, led by Jack Dorsey, slashed over 4,000 employees, nearly half its global workforce, citing AI as a proactive strategy to boost agility. Dorsey predicted similar widespread cuts across the industry. The move sent Block's stock soaring over 24% in after-hours trading.
Read →
Regional
Feb 22, 2026GeekWire
regional: Analysis: The best thing that the new Xbox CEO can do is …
Asha Sharma takes the helm as Microsoft Gaming's new CEO, following Phil Spencer's retirement and Sarah Bond's resignation. Despite her lack of gaming experience and AI background, industry analysis suggests her best initial move may be to foster stability. By allowing Xbox's robust studios to operate without the threat of further layoffs or closures, she could leverage the company's strong game pipeline and rebuild its reputation.
Read →
Science
Feb 22, 2026Ars Technica
Meta's Horizon Worlds Pivots to Mobile, Deprioritizes VR
Meta's flagship metaverse service, Horizon Worlds, is decoupling from its Quest VR platform and shifting its focus predominantly to mobile. This strategic pivot follows significant financial losses in Meta's mixed reality division and internal layoffs, signaling a move away from an all-encompassing VR metaverse vision toward mobile engagement, augmented reality, and AI investments.
Read →
Latest
Feb 20, 2026The Verge
Xbox shakeup: Phil Spencer and Sarah Bond are leaving Microsoft
Phil Spencer retires as Microsoft Gaming CEO after 38 years; Sarah Bond leaves Xbox presidency. Asha Sharma (ex-CoreAI) named new CEO, Matt Booty promoted. No layoffs promised amid leadership pivot.
Read →
Gadgets
Feb 21, 2026Engadget
Ubisoft lays off 40 staff; Splinter Cell remake development continues
Ubisoft has laid off approximately 40 staff at its Toronto studio, impacting individuals working on the *Splinter Cell remake*. The company confirms the game remains in development, despite the cuts. These layoffs are part of a broader organizational restructuring following other studio reductions and a recent employee strike.
Read →
PrevPage 1 of 1Next