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Article URL: https://www.kuow.org/technology/2026-10-26/microsoft-offers-voluntary-buyouts-to-a-quarter-of-its-workforce Comments URL: https://news.ycombinator.com/item?id=50250937 Points: 20 # Comments: 0

Roughly a quarter of Microsoft's workforce will be eligible for a "voluntary exit offer" as the company tries to shed workers.

Microsoft is trying to balance a rapid AI infrastructure build-out with capital efficiency.

Microsoft announced Monday it is offering voluntary buyouts to tens of thousands of its employees amid a surge in capital spending on AI.

In this week’s newsletter: Stalling subscriber numbers have led to a corporate bloodbath, but the streaming giant has an inherent quality problem that will be a lot harder to fix In all the fevered hype around a certain three-hour, form-breaking documentary portrait of a disgraced tech CEO , another big Hollywood story this week has been relatively sidelined: the drama at Netflix, where sluggish subscriber numbers and a general lack of Wall Street enthusiasm has led to a remarkable spree of sackings. A thousand employees, or 6% of its entire workforce, have been laid off – including some very big names. Among a clutch of other execs, chief content officer Bela Bajaria – the figure most synonymous with Netflix’s tone and ethos over the past decade – has been fired. The company’s head of film, Dan Lin, has gone too. That shade of red on the streamer’s logo has never looked more bloody. You Can See Everything getting very messy indeed. We’ve been here before, of course. Netflix – giant, controversial, inescapable – is the sort of company people love to make grand speculations about. Pencils were sharpened in 2022 when Netflix lost subscribers for the first time and saw its share price plummet as a result, before the company enjoyed a notable resurgence. Just as the obituaries written for the streamer were premature then, writing it off now would be foolish too. Continue reading...

The company on Friday announced a $336 million restructuring charge as part of the layoffs, which will impact thousands of the firm’s roughly 77,000 workers.

Amex, which reported third-quarter results earlier Friday, is taking a $336 million restructuring charge in the quarter, CEO Stephen Squeri said Friday.

The closure of the studio responsible for some of the best games of the 21st century leaves the world of RPGs feeling smaller without the hope of another instalment of the much-loved sci-fi series Earlier this week, EA announced the closure of BioWare, a game studio with a 30-year history of compelling role-playing games, complex characters and bold, choice-driven narratives. Its forthcoming game in the Mass Effect sci-fi series has been cancelled, and more than 400 people are losing their jobs. As someone who has worked in the video games industry for 15 years and spent almost 20 as a BioWare fan, I am among millions of mourners today. It’s not terribly hard to see why BioWare got the chop. Its parent company has been saddled with $20bn of debt thanks to a recent leveraged buyout involving Jared Kushner and the Saudi wealth fund. EA was looking for weight to cut loose, and despite its hardcore fanbase and reputation for genre-defining RPGs such as Star Wars: Knights of the Old Republic and Dragon Age, BioWare hadn’t put out a critical or commercial hit in over 10 years. Its forthcoming game, titled Mass Effect: Universe according to a leaked trailer , was announced back in 2020. Despite some flashy teases, it was still years away from release. Continue reading...

Article URL: https://tilschuenemann.de/job-loss-cortisone-mania Comments URL: https://news.ycombinator.com/item?id=50206840 Points: 33 # Comments: 2

Artificial intelligence could eliminate millions of American jobs, with the biggest wave of layoffs potentially coming during the next recession as companies move to replace workers with technology, Goldman Sachs warned Thursday.

Barclays is cutting 5% of its workforce while reporting higher quarterly profits, with its CEO describing AI as the “icing on the cake.”

Britain's Barclays Bank announced plans to shed 5% of its global workforce as it accelerates its adoption of tech, including Artificial Intelligence.

eBay plans to eliminate approximately 1,000 positions as it focuses on strategic priorities following an earlier round of layoffs that affected 800 employees.

U.K. banks Barclays said Thursday it plans to cut 5,000 staff, citing efficiency savings from AI.

EBay will lay off 9% of its workforce, or about 1,000 employees, as it works to focus on its "top strategic priorities."

“Reminder, we are a streaming-first business. That is our core,” co-CEO Ted Sarandos said on the streamer’s third-quarter earnings call.

Qualcomm will cut jobs globally in performance focused layoffs in November following employee reviews, according to an internal memo viewed by Reuters.