Block, the financial technology company founded by Jack Dorsey, recently announced plans to eliminate more than 4,000 jobs as part of what it described as an artificial intelligence–driven restructuring.
Starbucks announced Thursday that it will lay off 900 corporate employees and close hundreds of stores across North America as part of a sweeping $1 billion restructuring plan. The decision, unveiled by CEO Brian Niccol in a letter to employees, marks the second round of layoffs since he took over the company in August 2024.
Powell’s City of Books, the well-known Portland bookstore that previously banned journalist Andy Ngo’s best-selling book on Antifa, has begun laying off staff as financial struggles deepen. According to an internal email obtained by the Portland Business Journal, 18 positions across departments were cut in July, with more layoffs expected in the coming months.
The Walt Disney Company is laying off several hundred employees worldwide, starting Monday, in its latest round of job cuts aimed at slashing costs. According to Deadline, the layoffs primarily affect Disney Entertainment and corporate financial departments, including marketing, filming, casting, and development.
Microsoft confirmed it is laying off 3% of its global workforce, affecting an estimated 6,840 employees across all divisions. The cuts, which began Tuesday, will impact staff in the U.S. and abroad, including teams at LinkedIn and Xbox.
