Accenture is changing its salary increase structure for over 780,000 employees. Half of the approved hike will be a lump-sum payout in June, the other half added to base pay. This aims to provide immediate cash while managing payroll costs.
Microsoft-owned LinkedIn is cutting over 600 jobs this summer, with California employees bearing the brunt. Around 606 employees were notified of permanent job cuts effective July 13, impacting various offices, particularly Mountain View.
LinkedIn is laying off approximately 875 employees (5% of its global workforce) across its Global Business Organization, marketing, engineering, and product teams as part of organizational changes to position itself for future success.
Coinbase is cutting about 14% of its global workforce, impacting around 700 jobs. This move is driven by the evolving role of artificial intelligence in operations and ongoing crypto market fluctuations. The company aims to streamline its structure and enhance efficiency. Restructuring is expected to conclude by the second quarter of 2026.
Meta announced plans to lay off approximately 10% of its global workforce, around 8,000 employees, on May 20. The company had almost 79,000 employees at the start of 2026. Chief People Officer Janelle Gale confirmed the layoffs in a memo, citing the need to run the company more efficiently and offset investments in AI. Severance includes 16 weeks base pay plus two weeks per year of employment, plus 18 months of COBRA coverage for US employees.
