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Last updated Tuesday, October 27, 2026 — 4:40 AM EDT
Microsoft confirmed Monday that it is offering voluntary buyouts to roughly 60,000 employees in the United States, Canada, India and Britain, a figure approaching a quarter of its 223,000-person workforce.
American Express plans to cut about 5% of its global workforce, taking a $336 million restructuring charge in the third quarter, with its CFO citing the need to become leaner and more agile in the age of artificial intelligence.
Electronic Arts is shutting down BioWare and the next Mass Effect game has been cancelled, with Gizmodo reporting cuts of 3% of EA’s workforce.
