The layoffs include 1,600 Xbox workers, with more expected this year.
Shares in the financial technology company Block have soared more than 20% in after-hours trading after its CEO announced it was laying off more than 4,000 of its 10,000 some employees due to efficiency gains from artificial intelligence.
In addition to the job cuts, OUSD is also looking for ways to trim the deficit -- suggesting early retirement incentives and other ideas.
There were smiles and hugs from teachers and students who returned to school Wednesday after the citywide teachers' strike that ended in a $183 million deal with the school district. But looming over the historic deal is a cloud of potential layoffs in the near future.
If drastic service cuts are adopted, it would set BART back by 50 years.
The Washington Post is laying off one-third of its staff in the newsroom and other departments, a brutal blow at one of journalism's most legendary brands.