Layoffs

• Los Angeles Lakers locked in as fourth seed in Western Conference, gaining home-court advantage over Houston Rockets in first-round NBA playoffs. • The seeding positions Lakers favorably entering postseason amid tight Western standings. • Playoff matchups highlight Lakers' strong finish to regular season.

• US tech companies cut 52,000 jobs in just three months of 2026, driven by rising AI investments. • Layoffs stem from restructuring for AI priorities, though economic factors also contribute beyond automation. • The trend highlights tensions between AI-driven efficiency gains and workforce displacement in Silicon Valley.

• Venture capitalist Marc Andreessen stated on March 31, 2026, that companies are 75% overstaffed from COVID-era overhiring, using AI as a 'silver bullet excuse' for layoffs. • In an interview on the 20VC podcast, Andreessen argued AI productivity fears mask long-standing business issues rather than genuine job displacement. • The comments highlight tensions in tech hiring amid AI advancements driving economic growth but fueling employee concerns over job security.

• Tech sector layoffs have surpassed 45,000 jobs in the first months of 2026, with the US accounting for the majority of global cuts announced so far this year. • Job reductions in Europe have been limited but noticeable, reflecting broader industry pressures amid economic shifts. • The wave of cuts highlights ongoing challenges in tech hiring post-boom, affecting major firms across the US.

• Layoffs continue to ripple through the entertainment industry in 2026, following widespread job cuts in 2025. • William Morris Endeavor announced a 3% staff reduction the day after St. Patrick's Day, while Axios, Lionsgate, and Universal Music Group's Mercury Studios also implemented layoffs. • The ongoing cuts reflect ongoing economic pressures within the broader entertainment and media sectors.

On a staff call, editor-in-chief Bari Weiss emphasized that the cuts do not stem from poor employee performanceSign up for the Breaking News US email to get newsletter alerts in your inboxCBS News is laying off employees on Friday as part of a strategic restructuring announced in a memo to staffers from its editor-in-chief, Bari Weiss, and president, Tom Cibrowski. Employees will be informed by the end of the day if their job has been affected, the two executives said in the memo.“We recognize that this is a difficult time for those who will be leaving CBS News,” they wrote. “Because these aren’t just names on a list. They are talented, committed colleagues who have been critical to our success. We’ll treat them all with care and respect.” Continue reading...

• Dell reduced its workforce by 10% over the past fiscal year, contributing to nearly 40,000 tech layoffs across Silicon Valley firms in 2026. • The cuts reflect broader cost-cutting measures in the US tech industry amid economic pressures and shifting priorities. • Silicon Valley giants continue significant staff reductions, signaling challenges in sustaining growth post-AI boom.