11 articles tagged
US companies announced over 150,000 job cuts in October, the highest for the month in two decades, driven by cost-cutting and the rise of artificial intelligence.
Goldman Sachs CEO David Solomon compares AI's labor impact to the industrial revolution, suggesting long-term adaptation amid growing fears of white-collar job cuts.
Major US corporations like Amazon and UPS are cutting tens of thousands of white-collar jobs despite reporting strong profits, creating a 'jobless growth' economy.
Major companies cite AI for recent layoffs, but economists suggest a post-pandemic economic correction may be the larger cause. Is AI a scapegoat or the real driver?
Online learning platform Chegg is cutting 45% of its workforce, or 388 employees, and bringing back Dan Rosensweig as CEO amid pressures from AI and Google.
A massive AWS outage that disrupted the internet for over 15 hours is raising questions about the impact of recent layoffs and the company's growing reliance on AI.
Technology companies are cutting thousands of jobs, citing future AI productivity, which raises economic and political concerns amid signs of instability.
Amazon plans to reduce its human resources staff by 15% as part of a strategic shift toward AI, while still hiring 250,000 seasonal workers.
Google has announced it will lay off 50 employees at its Sunnyvale offices, affecting roles like software engineering and user experience amid a wider tech industry trend.
Global consulting firm Accenture has cut over 11,000 jobs in three months as part of an $865 million restructuring plan to focus on artificial intelligence.
A corporate trend known as 'The Great Flattening' is tripling manager workloads as companies cut management layers, straining employee-leader relationships.
