Layoffs

Security · 4 hours ago Meta Scales Back AI Staffing Plan as Project OT Fails to Meet Goals Meta's ambitious Project OT aimed to transform its workforce with AI but faced setbacks, leading to the cancellation of planned layoffs and restructuring.

Macro · 5 hours ago US Job Cuts Decline to Four-Year Low Amid Rising Hiring Plans In July 2026, announced job cuts in the US fell to their lowest level in four years, signaling a potential shift in the labor market as hiring plans surge.

Macro · 2 days ago US Job Openings Reach 7.271 Million in July, Slightly Below Expectations The US labor market reported 7.271 million job openings in July, a modest increase from June but slightly below economists' expectations, indicating ongoing normalization.

Companies · 1 week ago Meta's Project OT Faces Employee Resistance and Technical Challenges in AI Transition Meta's ambitious Project OT aimed to transform the company into an AI-native organization, but faced significant employee pushback and technical limitations, leading to a reduced workforce impact.

Companies · 1 week ago Meta CEO Mark Zuckerberg Halts Major Layoffs Amid AI Transformation Plans Meta has paused its plans for significant workforce reductions, originally set to cut up to 60% of teams, following employee pushback and internal challenges in its AI initiatives.

Adoption · 2 weeks ago Goldman Sachs Report Highlights AI's Impact on Entry-Level Job Market A recent Goldman Sachs report reveals that entry-level workers are facing the most significant job losses due to AI adoption, particularly in developed economies like the US and Germany.

Companies · 3 weeks ago Cisco Reports Record Q3 Earnings Amid AI Infrastructure Surge Cisco achieved a historic revenue of $15.8 billion in Q3 FY2026, driven by a surge in AI-related orders, yet its stock experienced a pullback.