Not sure if this is useful, but here is what I am getting as a Weekly Layoff Summary, no Intel Here:
- Microsoft is laying off over 6,000 employees globally, targeting middle management in a structural overhaul focused on efficiency and AI investment.
- Amazon cut around 100 roles in its devices and services division, with CEO Andy Jassy pushing for fewer managers and a merit-based culture.
- Panasonic plans to eliminate 10,000 jobs by March 2026, citing high administrative costs and underperforming divisions like consumer electronics.
- PwC let go of 1,500 U.S. employees, mostly from audit and tax teams, due to low attrition and shifting demand; it will reduce future campus hiring.
- CrowdStrike is cutting 5% of its workforce (about 500 people) as part of strategic realignment, despite strong revenue growth and hiring plans in key areas.
- Burberry is slashing 1,700 jobs under new CEO Joshua Schulman to cut costs and refocus on core products amid weak luxury market performance.
- These layoffs are part of broader cost-cutting and restructuring efforts across multiple sectors.
- Most companies cited flattening management and shifting focus to core growth areas as key reasons.
- Microsoft also introduced strict performance policies, including rehire bans and rapid-response PIP programs.
- The trend reflects a global shift toward leaner, more profitable, and AI-driven operations.