Redwood Materials lays off 10% in restructuring to chase energy storage business
The company is restructuring some teams to accommodate a booming energy storage business, according to emails viewed by TechCrunch.
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Meta to cut 10% of jobs, or 8,000 employees, report says
According to an internal memo, Meta plans to begin its sweeping layoffs on May 20.
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Redwood Materials loses COO amid layoffs, restructuring
Former Tesla executive Chris Lister is retiring, and at least three other VPs have left Redwood around the recent restructuring, TechCrunch has learned.
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Coinbase to lay off 14% of staff as part of broader restructuring
The restructuring is aimed at addressing market volatility and increasing the use of AI tools to improve efficiency.
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Truecaller slashes 70 jobs amid declining ad sales
Truecaller’s ad revenue declined by 44%, leading to the layoffs.
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AI | Enterprise | TC
Cloudflare says AI made 1,100 jobs obsolete, even as revenue hit a record high
Cloudflare announced its first large-scale layoff. CEO Matthew Prince says because of AI efficiency gains, the company doesn’t need as many support roles.
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AI | Enterprise | TC
Laid-off Oracle workers tried to negotiate better severance. Oracle said no.
Some found out they didn’t qualify for WARN Act protections like two-months notice because the company had classified them as remote workers.
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GM just laid off hundreds of IT workers to hire those with stronger AI skills
Some of the positions focus on AI-native development, data engineering and analytics, cloud-based engineering, and agent and model development as well as prompt engineering and new AI workflows.
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Cisco cuts nearly 4,000 jobs to spend more on AI, reports ‘record quarterly revenue’
This is Cisco’s latest layoff in recent years, while the company’s chief executive touts record revenue and growth.
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Intuit to lay off over 3,000 employees to refocus on AI
In a memo to employees, CEO Sasan Goodarzi said the layoffs are meant to reduce complexity, simplify the company’s corporate structure, and deliver better AI products.
