This is the second round of layoffs for the tech giant in 2024, following a similar move in February when nearly 4,000 employees were let go
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Additionally, the company has decreased its hiring rate, recruiting 33% fewer new employees compared to the previous year
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These layoffs are part of a broader reduction by Branch Metrics, the company that acquired Nova Launcher in 2022
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While no teams are being entirely disbanded, significant impacts will be felt by National Geographic, local TV stations, Freeform, and the network’s marketing and publicity departments
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In addition to the go-to-customer restructure, Avaya has made “related operational changes” to align its sales, services, and engineering teams
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These measures aim to streamline operations and reduce losses amid challenges in securing funding, as per media report
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The company emphasised that this decision was made after extensive deliberation, aiming to ensure the stability and support of its developers and ongoing projects
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This funding more than doubled Cohere's valuation to $5.5 billion compared to last year
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This marks another wave of layoffs at the company, which parted ways with 2,700 employees in 2023
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A leader from the now-disbanded team expressed strong criticism of the decision in an email sent to thousands of Microsoft employees, arguing that the team's work is now considered non-essential
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