May. 14 at 2:58 PM
Over the past four weeks, a wave of workforce reductions has taken place across major companies, including about 8,000 at
$META, 8,750 at
$MSFT, 4,760 at
$PYPL, 4,000 at
$CSCO, 1,100 at
$NET, 1,000 at SNAP, 1,400 at NKE, and 700 at COIN. In just 28 days, more than 30,000 jobs have been cut, with much of the resulting cost savings increasingly being redirected into AI initiatives.
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