The company said it is reducing its headcount by 20%, or about 630 staff, to “support a leaner, more focused operating model” as it focuses on its AI Work Platform.
Related Posts
Microsoft lays off nearly 5,000 employees across Xbox, commercial sales
- worldnewsadmin
- July 6, 2026
- 0
Microsoft cut around 4,800 roles, or 2.1% of its global workforce, on Monday — the latest in a series of layoffs that’s stoking fears of […]
After shocking quarter, IBM insists that AI isn’t killing the mainframe
- worldnewsadmin
- July 23, 2026
- 0
After IBM’s stock crashed last week on warnings of a poor mainframe sales, the CEO explained that AI wrecked corporate hardware budget, temporarily.
Backed by $60M in funding, Oak steps out of stealth to fix the identity mess that AI agents are making worse
- worldnewsadmin
- July 15, 2026
- 0
Cofounded by senior entrepreneur Shai Morag, Israeli identity management startup Oak is emerging out of stealth with $60 million in seed funding.