Jun 14, 2026
Bay Area Tech Layoffs Hit 9,284 in 2026, Already Topping H1 2025
Bay Area tech companies have cut 9,284 jobs so far in 2026, already surpassing the roughly 4,700 cuts from the first half of 2025. The latest wave includes 370 positions across ServiceNow, Salesforce, Ubisoft, Quizlet, and Verily Health.
Jun 14, 2026
Meta Engineers Call AI Unit a ‘Gulag’ as Zuckerberg Admits Mistakes
Meta funneled 6,500 engineers into a new Applied AI unit three months ago. Now workers call it 'the gulag,' a livestream was hijacked by a furious employee, and Mark Zuckerberg is in damage-control mode, admitting the company made mistakes and ruling out more layoffs for 2026.
Jun 9, 2026
AI Drives 40% of US Job Cuts in May as 97,000 Positions Eliminated
AI was cited as the primary reason for 40% of all US job cuts in May 2026, according to the Challenger Report, with 97,006 positions eliminated overall. A separate Mercer survey found 99% of CEOs expect AI-driven layoffs within two years, as the technology sector alone shed 38,242 jobs — the highest monthly total since August 2024.
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Apr 15, 2026
Walt Disney Company Announces Major Layoffs in 2026 Restructuring Plan
The Walt Disney Company has revealed a sweeping restructuring plan slated for 2026, which includes significant layoffs to enhance cost-cutting and operational efficiency. This move comes in response to streaming competition and entertainment sector shifts, aiming to save billions annually by 2027. In the face of post-pandemic financial challenges, CEO Bob Iger emphasizes a return to profitability.
Apr 3, 2026
OpenAI Ventures Into Entertainment with Acquisition of TBPN
In a bold move, OpenAI has acquired TBPN, a unique streaming business merging sports highlights and professional networking. Announced by Fidji Simo, OpenAI's product chief, this acquisition signals OpenAI's strategic entry into the entertainment sector, aiming to scale TBPN's offerings without altering its essence.
Mar 30, 2026
Layoffs Shake Up Los Angeles TV as Streaming Dominates
Local TV news faces a crisis as streaming captures half of viewing hours, pushing stations like KTLA-TV in Los Angeles, owned by Nexstar, into layoffs and consolidation. Veteran staff such as meteorologist Mark Kriski are let go, causing viewer backlash. The Nexstar-Tegna merger underscores the growing trend of cost-cutting in pursuit of digital growth.