Layoffs news and trends

Meta Considers 30% Budget Cuts for Metaverse Group

December 04, 2025
Meta
Businesses More Open to Blaming AI for Layoffs
Artificial Intelligence // November 19, 2025

Companies are growing increasingly comfortable revealing that artificial intelligence is behind job cuts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today....

Verizon Eyes Layoff That May Cut 15,000 Jobs 
Connected Economy // November 13, 2025

Sources told The Wall Street Journal (WSJ) that in the name of reducing costs, Verizon Communications plans to cut about 15,000 jobs within the coming week. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS...

AI and Cost-Cutting Lead to 175% Yearly Jump in Layoffs
Economy // November 06, 2025

Artificial intelligence (AI) and cost-reduction caused American employers to cut 153,074 jobs last month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS...

Amazon to Cut 30,000 Corporate Jobs Amid Drive to ‘Decrease Bureaucracy’
Amazon // October 27, 2025

Amazon reportedly plans to start cutting as many as 30,000 corporate jobs Tuesday (Oct. 28) as part of an effort to reduce the amount of bureaucracy and the number of managers at the company. Get the Full Story Complete the form to unlock this article...

Interviews & Exclusives
Beyond the Numbers: Decoding the JOLT Report’s Impact on Consumer Spending

December 03, 2024
Earlier this year, PYMNTS Intelligence found that only a minority of workers surveyed — at 20% — said that it was “very or extremely” likely that they’d switch jobs in the next year. At the same time, we noted that 83% of consumers eyed 2024 with concerns about the economy. Only 38% of consumers said […]

Contradictions Rule as AI Meets the Future of Work

February 13, 2024
The intersection of artificial intelligence (AI) and the future of work is crowded and a bit confusing these days. Get the Full Story Complete the form to unlock this article...

Walmart Aims to Be an AI Concierge as Amazon Expands Buy With Prime

January 12, 2024
From Walmart looking to be a personal shopping concierge to Amazon expanding its Buy with Prime to more platforms and leveraging tech to help consumers manage their healthcare, the two...

Consumers Now Want Digital in Everything, Everywhere, All at Once, Study Finds

March 29, 2023
Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter,...

Quick Reads
Meta Considers 30% Budget Cuts for Metaverse Group

December 04, 2025
Meta executives are reportedly considering cutting as much as 30% of the budget of the company’s metaverse group amid a shift of resources toward artificial intelligence. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily […]

Businesses More Open to Blaming AI for Layoffs

November 19, 2025
Companies are growing increasingly comfortable revealing that artificial intelligence is behind job cuts. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Verizon Eyes Layoff That May Cut 15,000 Jobs 

November 13, 2025
Sources told The Wall Street Journal (WSJ) that in the name of reducing costs, Verizon Communications plans to cut about 15,000 jobs within the coming week. Get the Full Story...

AI and Cost-Cutting Lead to 175% Yearly Jump in Layoffs

November 06, 2025
Artificial intelligence (AI) and cost-reduction caused American employers to cut 153,074 jobs last month. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access...