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November 26, 2024
800
jobs displaced
2 companies
Equinix 400
Equinix cut ~400 of its 13,000 employees despite record demand for its data center capacity. New CEO Adaire Fox-Martin restructuring post-leadership shakeup (CIO and CISO both departed). Paradox: AI is driving record demand for Equinix facilities while AI tools reduce its internal headcount needs.
Equinix 400
3% of workforce reduced following CEO change; company pivoting resources toward AI infrastructure.