Intel archived its Open Ecosystem Community and Evangelism hub and dozens of open-source projects as cost cuts reshape what one of Linux's biggest backers funds.
Cisco posted $15.8B in Q3 FY26 revenue on May 14, up 12% YoY, then sent layoff notices to 4,000 staff the same day. AI orders are now tracking to $9B for the fiscal year.
CEO Bill Staples announced a restructuring he frames around agentic AI, retiring GitLab's six core values for three new operating principles. Exact layoff numbers come June 2.
Cloudflare laid off 20% of its workforce on May 7 while reporting record Q1 revenue of $639.8M. The stock dropped 18% after hours.