Bloomberg's Jason Schreier reports Xbox plans significant job cuts after June 30, as new CEO Asha Sharma tells staff a 3% margin can't continue. Microsoft hasn't confirmed.
Bloomberg's Jason Schreier reports Bungie has no follow-up project for the Destiny 2 team. Sony is taking tighter management control and Marathon hasn't recovered.
Vasilios Syrakis spent eight years building Atlassian's Envoy control plane. After the March cuts, he posted a 40-minute walkthrough that hit 1.1M views.
Cisco posted $15.8B in Q3 FY26 revenue on May 14, up 12% YoY, then sent layoff notices to 4,000 staff the same day. AI orders are now tracking to $9B for the fiscal year.
CEO Bill Staples announced a restructuring he frames around agentic AI, retiring GitLab's six core values for three new operating principles. Exact layoff numbers come June 2.
Cloudflare laid off 20% of its workforce on May 7 while reporting record Q1 revenue of $639.8M. The stock dropped 18% after hours.