US stock futures fell Thursday after a rough trading session, with investors again questioning returns on heavy AI spending. Separately, September's consumer price index came in hotter than expected, driven by rising energy costs, marking the 66th consecutive month inflation has topped the Federal Reserve's 2% target—the longest such run this century. Diesel prices also remain elevated ahead of the midterm elections despite a new US-Russia diesel agreement.
cnbc.com
· 2026-10-15
Ubisoft has proposed closing its Finnish studio RedLynx, affecting up to 52 positions, while cutting 70 roles at Ubisoft Singapore out of roughly 350 staff. Both studios had been supporting other Ubisoft projects under the company's Creative Network division. Ubisoft says the Singapore cuts are meant to align the studio with upcoming production needs.
engadget.com
· 2026-10-14
Netflix is cutting roughly 1,000 positions, about 6% of its workforce, which numbered around 16,000 last year, the Wall Street Journal reports. Co-CEOs Ted Sarandos and Greg Peters told staff in an email that the company must be disciplined about prioritizing resources while staying on track for its full-year forecast. The cuts follow Netflix's unsuccessful bid earlier this year to acquire Warner Bros., which ultimately went to Paramount Skydance.
engadget.com
· 2026-10-14
Netflix has eliminated roughly 6% of its jobs, marking its biggest round of layoffs since 2022. The reduction affects staff across the company, though specific departments and total headcount impacted were not detailed.
slashdot.org
· 2026-10-14
Netflix confirmed it is laying off close to 1,000 employees, about 6% of its 16,000-person staff, with most cuts concentrated in product, technology, legal and human resources. Co-CEOs Ted Sarandos and Greg Peters told staff in an internal memo, first reported by The Wall Street Journal, that the company must be disciplined about prioritizing people and resources, while maintaining it remains on track to meet its full-year financial forecast.
techcrunch.com
· 2026-10-14
Netflix co-CEOs Ted Sarandos and Greg Peters confirmed in an internal memo, obtained by Variety, that the company is cutting roughly six percent of its workforce — around 1,000 jobs — mostly in product, technology, human resources, and legal teams. This surpasses earlier rounds of 150 and 300 layoffs in 2022 and follows a report last week suggesting a smaller five percent cut.
theverge.com
· 2026-10-14
Netflix co-CEOs Ted Sarandos and Greg Peters told staff in a Wednesday memo that the company is cutting roughly 6% of its workforce, around 1,000 positions. The affected roles are concentrated in product, legal, technology and human resources departments, marking Netflix's largest reduction in four years.
techspot.com
· 2026-10-14
Kroger announced it will eliminate 3,000 corporate positions over the next three years as part of a push to adopt artificial intelligence and other technology. CEO Greg Foran told employees in a memo that the company needs to reduce duplicative work and reassess where tasks are best performed. The cuts follow Kroger's announcement last month of an AI strategy aimed at improving customer experience and business outcomes.
slashdot.org
· 2026-10-13
Federico Simionato, a product leader at Bending Spoons, posted on X announcing significant layoffs at Airtable. The brief, matter-of-fact tone of the post drew sharp criticism from users, with one commenter calling it the most unempathetic statement they had ever read.
fastcompany.com
· 2026-10-13
Kroger plans to reduce its corporate workforce by more than a third over the next three years, according to an internal memo from CEO Greg Foran obtained by Fast Company. Foran, who took over as CEO in February after interim leader Ron Sargent, told employees the company needs to make faster decisions and better use technology.
fastcompany.com
· 2026-10-13
New data indicates that the long-running growth in college administrative staffing may be reversing. At Louisiana State University, an incoming president announced the layoff of 25 administrators, some in senior roles, redirecting the resulting savings toward faculty hiring and research.
fastcompany.com
· 2026-10-13
A developer with 20 years of experience, known for maintaining popular Ruby packages and writing programming books, says he has applied to more than three dozen jobs and received 24 rejections. Citing the toll of repeated rejection on his mental health, he says he is stepping away from the tech industry. He also notes that remote work from his home in Warrnambool, where he has worked for six years, appears incompatible with current hiring expectations.
ryanbigg.com
· 2026-10-13
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