News & Reviews:   layoff

According to the Times of India, Nokia is planning to lay off 20% of its workforce, or more than 14000 employees. So, what should you know about it?

Previously, there was a rumour of OPPO possibly shutting down OnePlus, but that turned out to be false. Today, realme has reportedly begun laying off employees in India as part of a restructuring tied to its transition back into OPPO’s organisational umbrella. Industry sources and retail contacts in major states like Gujarat, Delhi, Haryana and Punjab say that sales and field staff have been told their roles may end as early as 30 April 2026, reflecting broader cost-cutting and operational alignment between the two brands.

Looks like the metaverse isn't going smoothly. According to The Verge, Meta has closed three of its virtual reality game development studios, including Armature Studio, Sanzaru Games, and Twisted Pixel Games, as part of cuts within its Reality Labs division. The moves were confirmed this week during a broader round of layoffs affecting roughly 10% of Reality Labs staff, which reflects a strategic push to reduce costs and rethink investment in metaverse-related projects.

In early July, Microsoft laid off 9000 employees across the globe. Among the departments, the gaming division was affected the most, resulting in the cancellation of games that were in development. This includes developers at King, the studio best known for Candy Crush Saga.

As reported before, Microsoft did indeed announce a major layoff this July. In another significant round of restructuring, the company plans to lay off up to 9000 employees, marking its fourth wave of job cuts this year.

Intel has begun sending official notices to 1300 workers at its Gordon Moore Park facility, saying their services will be terminated after next month. The massive job cuts are part of the company's plan to cut more than 15% of its workforce in an effort to recover from heavy losses. So, what should you know about it?

2024 may seem like a year of recovery after the pandemic but that's not quite the case. A few hours ago, Reuters reported that Samsung Electronics will be cutting up to 30% of its overseas staff across various divisions, according to three sources from the industry.

Previously, we reported that Meta is laying off more than 11,000 employees amidst a decline in revenue and now, more details have come out regarding the company’s workforce reduction. One of the more interesting detail that emerged from the whole situation is that Meta had an ongoing project to develop a smartwatch that would compete with the Apple Watch but the development has been scrapped as part of the company’s cost-cutting effort.

Meta is about to follow Twitter's footsteps to have a big-scale employee layoff. Recently, CEO Mark Zuckerberg shared that the company would cut off about 13% of employees, around 11,000 jobs, through a blog post.

Intel could be planning for another huge employee cutdown since 2016. Reports are saying that the chip-making company will do so to cope with the PC market decline. If it were true, the layoffs would get announced as early as this month.