Lil Nas X is back in the spotlight after a video showing him throwing cash at a male stripper during a night out in West Hollywood began circulating online. The footage, first shared by TMZ, reportedly shows the rapper at The Abbey, a well-known LGBTQ nightclub in West Hollywood, on Saturday night
Hundreds of TVK supporters return disappointed from cancelled swearing in ceremony venueHundreds of TVK supporters return disappointed from cancelled swearing in ceremony venue Published on: May 07, 2026 10:41 AM IST PTI Share via Copy link Chennai, Hundreds of TVK supporters
Milan Design Week is often framed as a series of fairs and events. But after years of attending, I’ve come to see it as a series of encounters. Beyond schedules and spectacles, it offers the freedom to move through courtyards, industrial spaces, and private interiors
One investor called him "the only sane" Democrat in the race for California governor. Others have dumped millions to boost his campaign, even paying for a Super Bowl ad to introduce him to voters. He's against a proposed billionaires' tax that has the state's wealthiest residents threatening an
Uttarakhand CM Dhami releases April pensions for over 7.5 lakh beneficiaries through one-click transferUttarakhand CM Pushkar Singh Dhami has launched a streamlined one-click system to disburse pensions, benefitting over 7.5 lakh individuals. Published on: May 07
Over 93,000 jobs cut in tech so far in 2026 as AI drives cuts at Freshworks, Coinbase, others
Tech companies around the world are increasingly trimming their workforce, with over ,000 roles cut across 106 companies in the first five months of 2026.
Recent job cuts include SaaS company Freshworks and cryptocurrency exchange Coinbase. Most companies are attributing these job cuts to artificial intelligence (AI) and automation leading to teams being completely restructured and made leaner to shore up’ declining revenues.
By comparison, total layoffs for all of 2025 stood at 124,201, according to tracking platform Layoffs.fyi.
ETtech
Per the platform, companies such as Nayax, Taboola, Productboard, and Cars.com have reduced between 3% and 30% of their workforce. More than 80,000 job cuts have come from US-headquartered corporations, followed by 3,800 layoffs by Australian companies.
Most of these layoffs are concentrated in the consumer sector, where 23 companies, including Meta, Epic Games, Pinterest, and Vimeo, have cut a total of 14,705 jobs. This is followed by the finance sector, where 17 companies have collectively reduced over 5,097 roles.
Here are some of the major, most recent layoffs:
Freshworks to lay off 11% of workforce
ET reported on Wednesday that software-as-a-service (SaaS) company , impacting nearly 500 employees, as it increases the use of AI across operations.
The Nasdaq-listed company expects a one-time restructuring cost of $8 million in the April-June period this year. CEO Dennis Woodside said no further layoffs are planned, with a focus instead on maintaining a leaner team. This is the company’s first major workforce reduction since 2024, when it cut around 13% of staff.
Freshworks posted an operating loss of $8.1 million in Q1 2026, narrowing from $10.4 million a year earlier, after briefly turning profitable in Q4 2025 due to one-time gains.
Coinbase trims 14% of its workforce; flattens hierarchy
CEO Brian Armstrong said on Tuesday that , citing ongoing crypto market volatility and the growing integration of AI into workflows. These layoffs come amid the company's quarterly business fluctuations, prompting a push to reduce costs and improve efficiency.
As part of the restructuring, the Cryptocurrency exchange will flatten its organisational structure to five layers below the CEO and chief operating officer (COO) and eliminate roles focused solely on management. Leaders will be expected to operate as player-coaches, combining execution with oversight. The company will also move toward AI-native pods, including smaller teams and in some cases one-person units, designed to use AI tools to deliver output at scale.
Meta to cut more than 8,000 jobs
The Mark Zuckerberg-led Meta Platforms is reportedly , impacting nearly 10% of its global workforce this month. Per a Reuters report, additional layoffs are under consideration for the second half of the year. According to Layoffs.fyi, the Facebook and Instagram parent had already cut 2% of its workforce in January, affecting around 1,500 employees.
Snapchat cuts 1,000 jobs
Photo-sharing social media platform Snapchat’s parent announced , about 16% of its full-time workforce, and eliminate more than 300 vacant roles.
CEO Evan Spiegel said the restructuring is aimed at improving efficiency and accelerating growth, with rapid advances in AI playing a key role by reducing repetitive tasks, increasing speed, and enhancing services for users, partners, and advertisers.
Oracle layoffs impact a third of India employees
In April, Oracle carried out layoffs , including about 10,000 in India. The cuts were largely concentrated in technology functions as the company reassesses returns on its AI-led investments. At Oracle Financial Services Software, around 1,000 employees, or roughly 10% of its workforce, were laid off. Overall, the reductions represent about 20% of Oracle’s India workforce of around 50,000. The company had a global headcount of 162,000 as of May 2025.
Where do Indian IT companies stand?
Major Indian IT services companies , , , HCLTech, and together reported a , compared to a net addition of 12,718 a year earlier.
TCS led with , while Tech Mahindra reduced 1,108 roles. Infosys, Wipro, and HCLTech continued to hire at a measured pace, reflecting tighter control over utilisation and margins amid demand uncertainty, slower client decisions, and rising AI-led efficiencies.
This has further slowed hiring in FY26, reversing the modest recovery seen in FY25. The sector is shifting to a skills-first, efficiency-focused model, with companies prioritising AI-native and specialised talent over workforce-led growth.
As a result, hiring momentum remains weak, with active tech job openings at 110,000 in April 2026, down 8% from March. Hiring, however, has not fallen to FY24 levels, when over 69,000 jobs were lost, but growth visibility remains limited.
Layoffs across India’s tech startups are also increasing. Chennai-based SaaS startup SuperOps let go of around 60 employees, about 30% of its workforce, as it pivots to an AI-first model, and Pocket FM reportedly has
Source: EconomicTimes
Related Posts: Silver’s historic rally drives Hindustan Zinc shares 6% higher to fresh peak McKinsey Cuts 200 Tech Jobs Amid AI Shift Tech Giant Cuts Jobs In Robotics Division TCS cuts down jobs of more than 30 Meta, Microsoft Plan Cuts, Buyouts That May Affect 23,000 Jobs Amid AI Push Apple cuts jobs across sales team Dell Cuts 11000 Jobs In Multi Year Cost Drive Planemaker to cut 300 jobs from defence division 16,000 Jobs To Be Cut Globally Atlassian to cut roughly 10% jobs in pivot to AI
Thalapathy Vijay’s political debut has become memorable. Actor-turned-politician’s Tamilaga Vettri Kazhagam (TVK) has won on 108 seats in the Tamil Nadu assembly elections. While everyone is celebrating Vijay’s big win, here’s some good news for fans
1 minutes ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.Amazon Summer Sale starts tomorrow: Get up to 60% off on matte, glossy, and satin lipsticks from top brandsMake the most of the Amazon summer sale 2026 to shop and stock the best
1 minutes ago
Reigning world champion Dommaraju Gukesh delivered a statement victory over Uzbek challenger Javokhir Sindarov in Round 5 of the Grand Chess Tour: Super Rapid and Blitz Poland 2026 on Wednesday, strengthening his position ahead of their highly anticipated World Championship clash later this year
1 minutes ago
Prime Video, Amazon MX Player unify to create India's largest streaming service; what future holds for MX Player titlesAmazon Prime Video and Amazon MX Player have unified to form a single streaming service for all the titles on the two platforms. May 7, 2026
1 minutes ago
Kyle Loftis update: ‘Family’ pays sweet tribute after 1320Video founder's death; ‘so many memories…’Kyle Loftis, the founder of 1320Video died on Tuesday night, leaving many of his fans heartbroken. Amid this, his ‘family’ put out touching tributes. Published on: May 07
1 minutes ago
Ted Turner, a brash and outspoken television pioneer who raced yachts, owned huge chunks of the American West and transformed the news business by launching CNN in 1980, has died at age 87. CNN reported that he died on Wednesday (May 6, 2026), citing a Turner Enterprises news release.Ted Turner
1 minutes ago
Uttar Pradesh’s new ‘One District, One Cuisine’ scheme has sparked an online debate after people noticed that the official list of 208 dishes includes no meat-based items. The move has especially surprised many food lovers because famous dishes from cities like Lucknow and Moradabad are
1 minutes ago
Donald Trump's pause on a short-lived "Project Freedom" to guide ships through the Strait of Hormuz, as he claimed progress had been made towards clinching a "Complete and Final Agreement" with Iran, soothed oil markets and sent hopes soaring of a breakthrough
1 minutes ago
Super Rapid and Blitz: Gukesh stays in hunt after Sindarov win, So drawSuper Rapid and Blitz: Gukesh stays in hunt after Sindarov win, So draw Published on: May 07, 2026 10:05 AM IST PTI Share via Copy link Warsaw , D Gukesh made quite an impact
1 minutes ago
Skyroot Aerospace has secured $60 million in capital at a pre-money valuation of $1.1 billion, pushing the Hyderabad-based launch vehicle startup into unicorn area and displaying the investor confidence in India's privately-owned space sector. The round was co-led by GIC
1 minutes ago
There will be a premium of Rs 3.56 a quintal for each 0.1 per cent increase in recovery over and above 10.25 per cent, and a reduction in price by Rs.3.56 per quintal for each 0.1 per cent decrease in recovery, according to an official statement issued after the CCEA meeting
1 minutes ago
A series of viral posts on social media platform X have claimed that Congress workers in parts of West Bengal have “reclaimed" party offices allegedly “seized" during the tenure of the Trinamool Congress (TMC), following the recent Assembly election results in the state
1 minutes ago
Yet another video from the set of King has leaked online. This time, the video features Shah Rukh Khan and Deepika Padukone shooting a dance sequence as Ranveer Singh stands nearby, watching them with baby Dua in his hands. What also caught everyone’s attention was how Deepika’s bodyguard
1 minutes ago
Sex may permeate our popular culture, but conversations about it are still associated with stigma and shame in Indian households. As a result, most individuals dealing with sexual health issues or trying to find information about sex often resort to unverified online sources or follow the
1 minutes ago
Will Vijay form government? (Google Trends): Actor-politician Thalapathy Vijay's Tamilaga Vettri Kazhagam (TVK) emerged as the single largest party in Tamil Nadu with 108 seats but fell short of the majority. Despite Congress's support, TVK needs more 10 MLAs to form the government
1 minutes ago
The IPL 2026 final has been moved from Bengaluru to Ahmedabad, it was announced on Wednesday (May 6, 2026). Dharamshala will host Qualifier 1, and New Chandigarh will host the Eliminator and Qualifier 2, leaving Bengaluru completely out of the mix in the playoff schedule
1 minutes ago
'Mr Dependable' and 'apolitical': Bengal BJP remembers Suvendu Adhikari's PAReacting to the shooting incident, BJP leader Agnimitra Paul said Chandranath Rath was known within the party as “Mr Dependable”. Published on: May 07, 2026 11:01 AM IST By HT News Desk Share via Copy link Following the
1 minutes ago
It’s been a historic day for Tamil superstar Vijay as his political party, Tamilaga Vettri Kazhagam, emerged as the single largest party with 107 seats in the 17th Tamil Nadu Assembly election. Since news of TVK’s lead broke earlier today, many celebrities from the world of cinema have been
1 minutes ago
US President Donald Trump has predicted that the war in Iran will be "over quickly" and says that most people "understand" his goal of ending Tehran's nuclear ambitions. His comments come after Iran said a US proposal to end the war is "still being considered"
1 minutes ago
I first met Gurbir Singh in the early 1980s. It was around the beginning of the “liberalisation” era when egalitarian ideals were being replaced by the ideology of the “free” market. As the city of Bombay attempted to beautify itself to attract foreign investment
1 minutes ago
Sources said Thursday that Vijay’s TVK was considering moving court as the Tamil Nadu Governor sought proof of majority before inviting the party to form the government. Vijay’s TVK is planning to move court, sources said on Thursday, after Tamil Nadu Governor Rajendra Arlekar asked the party
1 minutes ago
New York Knicks star Jalen Brunson delivered another clutch postseason performance as the Knicks defeated the Philadelphia 76ers 108-102 on Wednesday night, taking a commanding 2-0 lead in their Eastern Conference semifinal series. After suffering a crushing defeat in Game 1
1 minutes ago
IIFL Capital share price jumped as much as 6% in Thursday's trading session after the company announced it would issue preferential shares to Fairfax India The stock opened at ₹335 apiece today, as compared to previous close of ₹332.50 on Wednesday
1 minutes ago
Saba Pataudi celebrated her 50th birthday with close family members, including brother Saif Ali Khan and sister-in-law Kareena Kapoor Khan. Giving fans a peek into the intimate celebration, Saba shared a series of heartwarming moments on social media that quickly caught everyone’s attention
1 minutes ago
As the global beverage landscape evolves, mocktails are no longer just non-alcoholic alternatives, they have become a canvas for creativity, wellness, and bold flavour exploration. From the tropical indulgence of the Pineapple Coconut Fizz to the herbaceous freshness of the Blueberry Basil Smash
1 minutes ago
CBSE Class 12th Result 2026 Release Date, Time Live Updates: The Central Board of Secondary Education (CBSE) is expected to announce the Class 12 board exam results for 2026 soon. The results will be available on the official websites: cbse.gov.in and results.cbse.nic.in. Once declared
1 minutes ago
Every year, on May 7, the birthday of Nobel Prize winning poet, playwright, composer and polymath, Rabindranath Tagore, the maestro returns to Kolkata in song, stage, art and poetry. What returns less visibly is a culinary world that once moved through Jorasanko Thakurbari or Tagore’s ancestral
1 minutes ago
