Topic: ai restructuring
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Oracle cuts 500 Romania jobs as AI restructuring continues
Oracle laid off approximately 500 employees in Romania on June 25 as part of its global restructuring to prioritize cloud computing and artificial intelligence. This is the latest in a series of workforce reductions at Oracle, following a similar round in Romania less than a year ago, driven by a...
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Wix lays off 20% of staff in AI and currency restructuring
Wix is cutting about 1,000 jobs (20% of its workforce) due to a currency mismatch from the strengthening Israeli shekel, which makes its Israeli workforce significantly more expensive in dollar terms since Wix earns revenue in dollars but pays most staff in shekels. The layoffs are also driven by...
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Meta's New AI Model for Images and Video Set for 2026
Meta is developing two major AI models, "Mango" for image/video and "Avocado" for text, targeting a significant release in early 2026 through its Superintelligence Lab. The company aims for these models to achieve advanced capabilities, like coding for Avocado and creating "world models" for visu...
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Microsoft Layoffs Fuel Employee Fear and Culture Concerns
Microsoft has laid off nearly 15,000 employees, its largest workforce reduction in over a decade, as it aggressively shifts focus toward AI, causing widespread anxiety and cultural concerns. Key divisions like Xbox studios and cloud services were heavily impacted, with high-profile game cancellat...
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