Oracle reportedly cuts around 10,000 jobs as AI spending stays hot
An Oracle employee told the BBC the company has laid off about 10,000 people, adding fresh uncertainty to a market already nervously watching AI’s next move.
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An Oracle employee told the BBC the company has laid off about 10,000 people, adding fresh uncertainty to a market already nervously watching AI’s next move.
The Roblox-style social gaming platform says it never found a way to make the business profitable, even after scaling to 150 million players and creators and a $3.5 billion valuation.
Epic Games says it will fix an insurance problem after layoffs affected employee Mike Prinke, who is undergoing treatment for terminal brain cancer. The episode has also put fresh attention on how the company handled the cuts.
Epic Games cut about 1,000 jobs after weaker-than-expected performance from the Epic Games Store and Fortnite. A Fortnite producer says the remaining team is unsure how the departures will change the game this year.
Meta is building an AI agent to help Mark Zuckerberg run the company, handling information retrieval, acting like a digital chief of staff, and fitting into a broader push to reorganize work around AI tools. The effort sits alongside acquisitions, internal AI chatrooms, and plans for major layoffs.
Dark Outlaw Games, the studio started by Call of Duty veteran Jason Blundell and announced last year, has been closed by Sony. Reports say the team was early into an unannounced project and some staff were let go.
After mass layoffs at Epic Games, Fortnite is retiring three longtime game modes. Two will go away on April 16, 2026, while Rocket Racing sticks around until October 2026.
Epic Games is letting go of over 1,000 employees as Fortnite engagement declines and the company pursues more than $500 million in cost savings. CEO Tim Sweeney says the move is needed to stabilize finances and focus on Fortnite, mobile, and Unreal Engine work.
Meta will pay $27 billion over five years to access Dutch Nebius Group's AI infrastructure, tied to Nvidia collaboration. At the same time, Reuters reports the company is planning cuts of about 20% of its global workforce.
InvestCloud Italy is closing its Marghera office and starting layoffs for all 37 staff as the US parent centralizes operations around AI.
Battlefield 6 rode a record launch, but reports say multiple studios faced layoffs as EA realigns behind the scenes.