#job-cuts
Nike adds B’luru jobs amid global cuts
Nike to open a Bengaluru campus, shifting India staff from FY2028, even as it plans global job cuts under its $2.5B “Pace” overhaul.
Don't fight AI, HSBC CEO tells staff members as banks begin job cuts
LONDON: HSBC appealed to staff members not to fight AI on Wednesday (May 20), saying it would destroy jobs while creating new ones, as banking rival Standard Chartered sought to calm workers over comments that the technology would replace "lower-value human c…
Inside India’s biggest banking and financial services tech hubs
Standard Chartered plans to cut over 7,000 jobs in four years, replacing human capital with technology, particularly impacting back-office roles in India. This move aligns with a broader trend of financial firms leveraging AI and tech hubs in India for both s…
Cognizant eyes up to 15,000 job cuts, India likely to see biggest impact
The possible job cuts come at a time when many large IT firms are restructuring Slower spending by clients rising automation and the growing use of AI are changing the way companies operate
Mark Zuckerberg says Meta is cutting 8,000 jobs to pay for AI infrastructure — insatiable compute demand means the company can't rule out further headcount reductions
Meta spent $72.2 billion on capex in all of 2025. The midpoint of its new 2026 guidance would nearly double that figure in a single year.
Cognizant to cut 4,000 jobs as AI push, weak demand weigh on outlook
Cognizant’s Project Leap restructuring targets $300 million in savings and margin expansion, even as the company lowers full-year guidance amid a softer demand environment.