HP Plans Thousands of Job Cuts Globally by 2028
HP is reportedly planning to cut between 4,000 and 6,000 positions worldwide by 2028 as it looks to streamline operations and use AI to speed up product development and boost efficiency, as per a TechCrunch report.
Apple Reduces Sales Positions Across Key Accounts
Apple is reducing several sales positions that handle accounts for businesses, schools, and government agencies as part of a move to simplify how it sells devices and services.
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Monarch Tractor Considers Major Layoffs and Possible Shutdown
Smaller firms and startups are also seeing layoffs. Monarch Tractor told employees it may lay off more than 100 workers or even shut down, following weeks of cuts across its California offices and teams in India and Singapore.
Playtika Plans Fifth Round of Workforce Reductions
Playtika, the Nasdaq-listed gaming company valued at $1.5 billion, plans to cut about 20% of its workforce, roughly 700 to 800 employees, marking its fifth round of layoffs since 2022, as per the TechCrunch report.ALSO READ: Will AI stocks crash or surge? Dan Ives reveals top 10 picks as only 3% of US companies have adopted AI
Pipe Cuts Half Its Workforce to Drive Profitability
Pipe, a small business lender once valued at $2 billion, has laid off roughly half its workforce, about 200 employees, as part of a push toward profitability and operational efficiency.
Synopsys to Reduce Staff and Close Several Sites
Synopsys, after acquiring Ansys, plans to cut around 10% of its staff, approximately 2,000 employees, and close several sites in fiscal 2026.
Cybersecurity Firms Reduce Staff Amid AI Adoption
Cybersecurity companies are also reducing staff. Deepwatch has let go between 60 and 80 employees, citing AI as a contributing factor, while Axonius is cutting roughly 10% of its workforce, notifying around 100 of its 900 employees, as per the report.
MyBambu Shuts Down Local Operations
In the fintech sector, MyBambu is closing its local operations entirely, laying off all 141 employees in two waves, with the first 100 let go on October 31 and the remaining 41 scheduled for December 31.
Hewlett-Packard Cuts Roles at San Jose Campus
Hewlett-Packard is also cutting 52 positions at its San Jose campus, affecting employees across cloud development, engineering, and product management, as per the TechCrunch report.
FAQs
Which Apple positions are affected by layoffs?
Several sales roles managing business, school, and government accounts are being eliminated.
How is HP restructuring its San Jose campus?
HP is cutting 52 roles in cloud development, engineering, and product management.