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IT LAYOFFS NEWS

'Make in India yesterday, pray for us today': Sridhar Vembu faces backlash over hike freeze

October 13, 2026 12:32 pm

Zoho founder Sridhar Vembu faced sharp criticism on X after freezing employee salary hikes, citing rising AI expenses, just days after urging Indian tech professionals in the US to return home.

Zoho halts 2026 salary hikes, looks to 'avoid mass layoffs' amid surging AI costs

October 15, 2026 9:11 am

Zoho co-founder Sridhar Vembu said server prices have quadrupled, driving up the cost of running data centres to power AI workloads.

Amazon has cut jobs again as the tech industry continues to see layoffs and restructuring. (Image for representation/Magnific)

Amazon layoffs: E-commerce giant cuts jobs in Stores business amid AI spending push

October 08, 2026 11:22 am

Amazon has cut a small number of jobs in its Stores business as the company continues to reduce costs while ramping up spending on AI.

Xbox console prices will increase globally from August 1 as Microsoft cites rising memory and storage costs. (Image: Xbox)

Microsoft cuts 260 Xbox roles as gaming restructuring continues: Report

September 24, 2026 7:45 am

In July this year, over 1,600 Xbox employees were fired in what Xbox CEO Asha Sharma called “the most significant restructure in Xbox history.”

Laid off after 30 years at HP, woman finds new career in Antarctica

September 18, 2026 4:09 pm

May Lee joined HP as an intern in 1987 and had planned to stay with the company for several more years.

Oracle has racked up tens of billions of dollars in debt as it expands its data centres and AI infrastructure. (File)

Oracle layoffs: CFO rejects ‘doing more with less’ as Indian employees share job-loss pain

September 17, 2026 12:15 pm

Chief Financial Officer Hilary Maxson told employees on Tuesday they should be proud of the company's financial results and protect that success as it grows.

Oracle's employees were offered four weeks of base salary plus one additional week for each year of employment, according to documents. (AP file)

Oracle’s 6 am layoff email: ‘Today is your last working day’

September 15, 2026 5:17 pm

Employees reportedly received early-morning termination notices as Oracle cuts jobs while pouring billions into AI data centres and taking on more debt to fund its expansion.