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Binance says hackers who stole billions in crypto spent months planning heist
The hackers who stole billions of dollars in cryptocurrency from the Binance exchange spent months working on the theft and used both social engineering and novel malware in the process, the company said Tuesday.
The heist, which both the FBI and the TRM Security firm attributed to North Korean actors, initially targeted $6.34 billion in cryptocurrency from Binance wallets. The exchange has since frozen or intercepted $2.85 billion of that sum. Binance said it has set aside funds required to cover the loss and provided this link to a Proof of Reserves page. The $6.34 billion represents the biggest sum ever targeted in a cryptocurrency theft.
Advanced persistent threatBinance said the people behind the heist began no later than June and continued until last Thursday, when they successfully compromised an engineer's laptop and withdrew assets from several wallets. Like just about every organization that suffers a public, high-consequence hack, Binance said the threat actor was sophisticated and resourceful.
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Tech layoffs: A 2026 timeline
Among a range of factors leading to a wave of tech sector layoffs in 2026 is the rapid rise of artificial intelligence and automation. Companies are reconfiguring their workforces to leverage AI for increased efficiency and reduced operating costs. This realignment and reduction is implemented even by companies reporting strong financial performance.
But it’s not just AI leading to workforce cuts. Complementing this technological shift are ongoing economic uncertainty, inflation, and higher interest rates, compounded by a chip shortage and rising energy costs. This mix is driving companies to cut costs and streamline operations for increased efficiency.
According to data compiled by Layoffs.fyi, an online tracker that keep tabs on job losses in the technology sector, 139,004 tech employees have been laid off at 345 companies so far in 2026, compared to the 122,606 layoffs it reported in 2025.
Here is a list — to be updated regularly — of some of the most prominent technology layoffs the industry has experienced recently.
Notable tech layoffs in 2026- Canva
- Oracle (again)
- Monday.com
- Microsoft
- Meta
- Cisco
- Cloudflare
- Oracle
- Atlassian
- Salesforce
- Amazon
- Ericsson
Canva didn’t explicitly blame AI for a massive round of lay-offs that will see 1,271 staff, over one-fifth of its workforce, lose their jobs, but CEO Melanie Perkins did give a nod to how “New technology is transforming what people can create, how they create it, and what they expect from the products they use” in an open letter outlining the changes. To simplify and speed up decision-making around product development, she wrote, Canva is folding its product, growth, and platform teams into a single product organization, removing layers of middle management, reducing specialization by giving staff broader responsibilities, and requiring staff to show up more often at its office in Sydney, which will become the hub for product development.
Sept. 15, 2026: Oracle forecasts 33% increase in restructuring costs as new round of layoffs hitsOracle began a new round of layoffs this week, sending early-morning termination emails to staff for the second time in six months. Oracle has made no public statement confirming the latest round of job cuts, but in a regulatory filing days earlier the company said it had set aside a further $700 million for restructuring charges, bringing the total charges this year to roughly $2.8 billion.
July 22, 2026: Monday.com cuts 20% of its workforce to restructure for the AI eraThe company says the decision to cut 620 jobs isn’t about margins, but about creating a flatter organization built around AI agents, autonomous teams, and deeper customer engagement.
July 6, 2026: Microsoft cuts 4,800 jobs, primarily in sales and Xbox teamsAs the company trims thousands of jobs, it’s also investing in embedded engineering teams and AI infrastructure. The layoffs come several weeks after the company offered 8,750 US employees voluntary retirement buyouts.
June 5, 2026: Tech industry cut 38,242 jobs in May, worst since 2024AI was blamed for 40% of the job cuts in May, up from 7% in January, according to research by employment placement company Challenger, Gray & Christmas.
May 20, 2026: Meta cuts 8,000 jobs, around 10% of workforceThe cuts are expected to expected to hit Meta’s engineering and product teams the hardest, arriving as Meta pivots toward AI to boost efficiency across its organization, according to Yahoo Tech.
May 13, 2026: Cisco to cut nearly 4,000 jobs despite strong growth in AI, enterprise networkingDespite reporting positive financial news — including record third-quarter revenue of $15.8 billion, a 12% year-over-year increase — Cisco said it will eliminate almost 4,000 jobs.
May 7, 2026: Cloudflare to cut 1,100 jobs in AI-focused restructuringAbout 20% of Cloudflare’s global workforce will be culled as the company pivots for the agentic AI era, Reuters reported.
April 1, 2026: Oracle to cut up to 30,000 jobs globally, putting enterprise support and roadmaps at riskOracle began laying off employees on March 31 in what could be the largest workforce reduction in the company’s history. Employees received termination emails at 6 a.m. local time with immediate system lockouts and no prior warning. (Note: in June, CNBC put the final layoff tally at 21,000.)
March 12, 2026: Atlassian cuts 1,600 jobs to fund AI and enterprise expansionAtlassian will reduce its global workforce by approximately 10%, eliminating around 1,600 roles, as the collaboration software maker redirects capital toward artificial intelligence development and enterprise sales.
March 11, 2026: Tech layoffs surpass 45,000 in early 2026A recent analysis by RationalFX found 45,363 job cuts globally so far this year—with roughly 68% or more than 30,000 occurring in the U.S. — highlighting ongoing workforce cuts even as many tech companies report strong revenue growth.
Feb. 10, 2026: Salesforce lays off staffers as executive leadership churn continuesSalesforce has reduced close to 1,000 roles earlier this month across teams, including marketing, product management, data analytics, and its Agentforce AI unit, Business Insider reported, quoting employees familiar with the matter.
Jan. 23, 2026: Amazon layoffs expected to disproportionately hit AWS and tech talentAs the market slows down, AWS and other Amazon units are preparing for another round of layoffs, which is expected to overwhelmingly impact tech talent. An email from HR leader Beth Galetti on Jan. 28 confirmed 16,000 job cuts.
Jan. 15, 2026: Ericsson plans to shed 1,600 jobs in SwedenEricsson lans to cut some 1,600 jobs in Sweden, the telecommunications equipment maker said doubling down on recent cost-saving measures that have helped it weather a prolonged downturn in telecoms spending, Reuters reports.
Jan. 13, 2026: Meta plans to cut around 10% of employees in Reality Labs businessMeta plans to cut around 10% of the employees in its Reality Labs division who work on products including the metaverse, according to three people with knowledge of the discussions, according to The New York Times.
Layoffs in 2025- Cisco
- Oracle
- Windsurf
- Intel
- Microsoft
- Crowdstrike
- HPE
- Autodesk
- HPE
- CISA
- Workday
- Salesforce
- Meta
Economic uncertainty, elevated interest rates, and AI adoption have driven workforce reductions across tech companies worldwide, according to a RationalFX report.
October 28, 2025: Amazon to cut 14,000 jobs across companyAmazon will reduce its overall workforce by 14,000, cutting layers of management across the company and hiring in some areas to support its “biggest bets”.
August 18, 2025: Cisco and Oracle to cut hundreds of Bay Area jobsTech companies Cisco and Oracle are cutting hundreds of jobs across the Bay Area. Cisco will eliminate 221 positions at its Milpitas and San Francisco offices, effective Oct. 13. Oracle is reducing 101 positions in Santa Clara on the same date
August 5, 2025: 3 weeks after acquiring Windsurf, Cognition offers staff the exit doorCognition, the AI coding startup that acquired rival company Windsurf three weeks ago, laid off 30 employees last week and is offering buyouts to the roughly 200 remaining employees on the team, reports The Information.
July 25, 2025, Intel to lay off 22% of workforce, CEO Tan signals ‘no more blank checks’Intel will reduce its workforce to 75,000 employees by the end of 2025 as new CEO Lip-Bu Tan implements sweeping changes designed to transform the struggling chipmaker
July 8, 2025, Intel layoffs begin: Chipmaker is cutting many thousands of jobsIntel has begun laying off employees across the company. CEO Lip-Bu Tan told workers back in April to expect major layoffs at Intel in the coming months as the chipmaker slashes costs and overhauls its organization after years of technical setbacks and falling sales.
July 2, 2025: Microsoft will cut 9,000 workersMicrosoft will lay off about 9,000 employees, a source familiar with the workforce cut told CNBC. The cuts will reportedly affect less than 4% of Microsoft’s global workforce and will impact different teams, geographies and levels of experience. This is the latest in a string of cuts the tech giant has made this year.
June 17, 2025: Intel looks to factory layoffs to return to profitabilityIntel will lay off up to 20% of its manufacturing sector employees starting in July, according to media reports, as the company looks for options as it seeks a return to profitability. The cuts reportedly will be made around the world, but some of the layoffs will be closer to home, according to a report in The Oregonian citing an internal company memo from Intel manufacturing Vice President Naga Chandrasekaran.
May 7, 2025: CrowdStrike to lay off 5% of staffCrowdStrike announced a plan to cut about 500 roles, roughly 5% of its workforce, to streamline operations and reduce costs. The cybersecurity company will incur about $36 million to $53 million in charges related to the layoffs
March 6, 2025: HPE cuts 2,500 jobs, remains committed to Juniper buyCEO Antonio Neri told Wall Street analysts that HPE would begin implementing a cost-cutting program involving layoffs of about 2,500 employees over the next 18 months. HPE employs about 61,000 people worldwide.
Feb. 27, 2025: Autodesk to lay off 9% of workforceSoftware maker Autodesk is laying off 1,350 staff. With the rise of subscription and multi-year contracts billed annually, and self-service enablement, it finds it needs fewer sales staff, CEO Andrew Anagnost said in a message to employees. And with its cloud, platform, and AI products proving most profitable, it’s concentrating its staff and investments there.
Feb. 27, 2025: HP to lay off 2,000 moreAs part of an ongoing restructuring, HP plans to lay off up to another 2,000 workers. In recent weeks, the company has tried — unsuccessfully — to do away with telephone support staff by forcing callers to wait for at least 15 minutes if they refuse to use self-service support resources online. The company swiftly backtracked, but wider job cuts are still on.
Feb. 21, 2025: CISA lays off 130Government employees get laid off too: In this case, 130 workers at the US Cybersecurity and Infrastructure Security Agency are being shown the door as a result of a DOGE decision. Cybersecurity experts are concerned that the cuts will harm the international collaborations that CISA has fostered, quite apart from their concerns about the security of the DOGE layoff process itself.
Feb. 5, 2025: Workday lays off 1,750As it moves to invest more in AI and international growth, Workday is laying off 8.5% of its workforce and disposing of unused office space. Some analysts fear the cutbacks will affect the company’s customer service — unless AI can pick up the slack.
Feb. 4, 2025: Salesforce lays off over 1,000At the same time as it’s hiring sales staff for its new artificial intelligence products, Salesforce is laying off over 1,000 workers across the company, according to Bloomberg. As of June, 2024, the company had over 72,000 employees, according to its website. Salesforce did not comment on the report. In 2024 the company reportedly laid off around 1,000 staff too, in two waves: January and July.
Jan. 14, 2025: Meta will lay off 5% of workforceMark Zuckerberg told Meta employees he intended to “move out the low performers faster” in an internal memo reported by Bloomberg. The memo announced that the company will lay off 5% of its staff, or around 3,600 staff, beginning Feb. 10. The company had already reduced its headcount by 5% in 2024 through natural attrition, the memo said. Among those leaving the company will be staff previously responsible for fact checking of posts on its social media platforms in the US, as the company begins relying on its users to police content.
Tech layoffs in 2024- Equinix
- AMD
- Freshworks
- Cisco
- General Motors
- Intel
- OpenText
- Microsoft
- AWS
- Dell
Despite intense demand for its data center capacity, Equinix is planning to lay off 3% of its workforce, or around 400 employees. The announcement followed the appointment of Adaire Fox-Martin to replace Charles Meyers as CEO and the departures of two other senior executives, CIO Milind Wagle and CISO Michael Montoya.
Nov. 13, 2024: AMD to cut 4% of workforceAMD will lay off around 1,000 employees as it pivots towards developing AI-focused chips, it said. The move came as a surprise to staff, as the company also reported strong quarterly earnings.
Nov. 7, 2024: Freshworks lays off 660Enterprise software vendor Freshworks laid off around 660 staff, or around 13% of its headcount, despite reporting increased revenue and profits in its fourth fiscal quarter. The company described the layoffs as a realignment of its global workforce.
Sept. 17, 2024: Cisco lays off 6,000After laying off around 4,200 staff in February, Cisco is at it again, laying off another 6,000 or around 7% of its workforce. Among the divisions affected were its threat intelligence unit, Talos Security.
Aug. 20, 2024: General Motors lays off 1,000 software staffMore than 1,000 software and services staff are on the way out at General Motors, signalling that it could be rethinking its digital transformation strategy. In an internal memo, the company said that it was moving resources to its highest-priority work and flattening hierarchies.
August 1, 2024: Intel removes 15,000 rolesIntel plans to cut its workforce by around 15% to reduce costs after a disastrous second quarter. Revenue for the three months to June 29 stagnated at around $12.8 billion, but net income fell 85% to $83 million, prompting CEO Pat Gelsinger to bring forward a company-wide meeting in order to announce that 15,000 staff would lose their jobs. “This is an incredibly hard day for Intel as we are making some of the most consequential changes in our company’s history,” Gelsinger wrote in an email to staff, continuing: “Our revenues have not grown as expected — and we’ve yet to fully benefit from powerful trends, like AI. Our costs are too high, our margins are too low. We need bolder actions to address both — particularly given our financial results and outlook for the second half of 2024, which is tougher than previously expected.”
July 4, 2024: OpenText to lay off 1,200OpenText said it will lay off 1,200 staff, or about 1.7% of its workforce, in a bid to save around $100 million annually. It plans to hire new sales and engineering staff in other areas in 2025, it said.
June 4, 2024: Microsoft lays off staff in Azure divisionMicrosoft laid off staff in several teams supporting its cloud services, including Azure for Operations and Mission Engineering. The company didn’t say exactly how many staff were leaving.
April 4, 2024: Amazon downsizes AWS in a fresh cost-cutting roundAmazon announced hundreds of layoffs in the sales and marketing teams of its AWS cloud services division — and also in the technology development teams for its physical retail stores, as it stepped back from efforts to generalize the “Just Walk Out” technology built for its Amazon Fresh grocery stores.
April 1, 2024: Dell acknowledges 13,000 job cutsDell Technologies’ latest 10K filing with the US Securities and Exchange Commission disclosed that the company had laid off 13,000 employees over the course of the 2023 fiscal year; it characterized the layoffs and other reorganizational moves as cost-cutting measures. “These actions resulted in a reduction in our overall headcount,” the company said. A comparison to the previous year’s 10K filing, performed by The Register, found that Dell employed 133,000 people at that point, compared to 120,000 as of February 2024. Dell announced layoffs of 6,650 staffers on Feb. 6, but it is unclear whether those cuts were reflected in the numbers from this year’s 10K statement.
Get a load of Excel’s new multi-value cells
Until now, Microsoft Excel has followed a strict structural rule: each cell on a worksheet can hold only a single scalar value. While you can string together text using commas or write dynamic array formulas to spill values across adjacent rows and columns, the cell itself remains a single-item container.
But Excel has evolved. A feature currently in preview lets you store multiple distinct, structured values within a single cell.
Three new data structures can now be put inside a cell:
- A list maintains a sequence of independent values arranged in a single column. Unlike a plain text string separated by commas, an in-cell list treats each entry as a distinct data element. A list cell can hold a mix of text, numbers, dates, and Boolean values while preserving the native data type of each item.
- An array stores a grid of rows and columns inside one cell.
- A nested array allows formulas to generate and return arrays inside other arrays. This allows complex outputs to be confined within individual cells instead of trying to spill them across adjacent worksheet rows and columns.
These in-cell data structures can simplify complex formula processing and reduce clutter on the worksheet.
Availability: These in-cell data structures are available in Excel for Windows and Mac to members of the Microsoft 365 Insider program who are on the Beta Channel. Microsoft has not yet said when the features will begin rolling out to all M365 subscribers, and they are not supported in perpetual license versions (such as Office 2021 or Office 2024) or Excel for the web.
Use casesHere are examples of how these three in-cell structures can be used.
Multi-item categorizingImagine categorizing your co-workers, who each have expertise in using up to five M365 software tools: Excel, OneNote, Outlook, PowerPoint, and Word. Or they specialize in selling any number of categories of products.
To store this information on a spreadsheet, you could designate a column for each software tool or product category. This of course can take up a lot of columns on the spreadsheet, especially if you have additional columns containing more information about each person.
Instead, with an in-cell list, you can store all this information in one column. Excel will recognize each list item individually.
These in-cell lists eliminate the need for multiple columns.
Howard Wen / Foundry
This allows you to filter for one or a combination of these items by clicking the drop-down arrow at the top of the column containing the in-cell list.
Because Excel recognizes each item in an in-cell list individually, you can filter the results by the individual items.
Howard Wen / Foundry
Survey responses containedSay your co-workers or customers are filling out a survey where they rate questions on a numerical scale. Instead of allocating separate columns for each survey question per person, you can store all responses within a single designated cell per respondent. This helps keep the rest of the spreadsheet look cleaner, especially if you’ve designed it with other columns to store additional data about each person.
Mitigating #SPILL! errorsWhen using array-processing functions like TEXTSPLIT across an entire column, standard dynamic arrays attempt to spill output values sideways across multiple columns for every row simultaneously. If any blocking data exists in adjacent cells, Excel triggers a #SPILL! error.
The array in cell G1 is trying to spill into cell G2, which already has a value.
Howard Wen / Foundry
Instead, Excel can pack the split outputs inside each respective row’s cell as a nested array. This produces a single-column result that holds all detailed split values internally without spilling across adjacent grid cells or causing formula collisions.
The array is now contained in a single cell, eliminating the spill error.
Howard Wen / Foundry
How to insert and edit in-cell structuresYou can create and interact with in-cell data structures using manual shortcuts or dynamic formulas:
- List: Select a cell and press Ctrl + J to open the in-cell list editor, or navigate to Insert > List on the ribbon toolbar. Then type or paste items separated by commas or line breaks.
- Array: You can create an array using curly braces {} and semicolons or commas. For example, ={1;2;3} creates a standard array that spills across cells. Wrapping it in a second set of braces as in ={{1;2;3}} keeps it contained in a single cell. Likewise, wrapping a formula like =TEXTSPLIT(B3,, “, “) in extra braces as in ={TEXTSPLIT(B3,, “, “)} will contain the entire resulting array inside a 1×1 container in the cell, suppressing spilling.
- Nested Array: You can create nested arrays by enclosing multiple arrays within curly braces, such as ={{1,2,3};{4,5,6}}. This builds more complex data structures with multiple rows and columns.
Unpacking and referencing: When standard formulas reference an in-cell structure directly (for example, =B6 where cell B6 contains a list or array), Excel spills the internal array into adjacent cells on the worksheet grid. To extract specific elements without spilling, use array manipulation functions like INDEX or field access operators.
Typing =F2 in cell H2 references all the individual items in cell F2.
Howard Wen / Foundry
Caveats, new functions, and tipsThings consider when using these new in-cell data structures:
- Reduced visual transparency: Traditional spreadsheet grids display all data directly, which makes them efficient to analyze. Implementing these structures inside cells requires users to interact with them in order to view full details, which can slow auditing.
- Performance, storage, and memory: Memory consumption of in-cell arrays is somewhat higher and calculation performance can be slower compared to storing single-value data.
- Backward compatibility: A worksheet that contains these new in-cell structures will show formula errors when opened in older desktop, perpetual license, or other unsupported versions of Excel.
- Collaboration: To prevent confusion, make sure anyone collaborating on a worksheet knows that you’ve implemented in-cell lists or arrays in it, especially if they are likely to encounter compatibility issues with their version of Excel.
- Compatibility Version 3 and new functions: Compatibility Version 3 is required for most calculations involving nested arrays. (Set via Formulas > Calculation Options.) Additionally, four new functions have been added for array evaluation: FLATTEN unpacks nested arrays into grid rows/columns, and HAS, HASANY, and HASALL check whether specific values exist within an array.
- Legacy function limitations: Traditional aggregation and lookup functions like SUMIF, COUNTIF, and VLOOKUP may not inspect or evaluate values stored inside multi-value cells without array-handling wrappers or modern replacement functions such as XLOOKUP or BYROW.
Finally, because these features are in preview, Microsoft warns that their behavior may change based on feedback from M365 Insiders before general release.
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