A new survey shows that 41% of senior executives at global companies believe there will be a reduction in workforce sizes as they adopt generative AI, contradicting the narrative of AI as a helper.
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Xerox has become the latest tech company to say that it will be laying off staff and reorganizing its structure. The company had 20,500 employees at the start of 2023 and 15% of those will be let go.
Spotify has decided to layoff 17% or about 1,500 of its employees. The company is trying to cut costs and adjust for a period of slower growth. The decision was announced in an internal memo.
With budgets squeezed, some businesses seem to be delegating tasks to services like ChatGPT. While there's no mass unemployment just yet, it looks like ChatGPT is replacing some workers.
Editorial
Editorial: It's right that big tech leans up with layoffs, focusing on profitable activities
In this editorial, I argue that big tech companies are making the right decision by making sweeping job cuts, despite being hard to do and hard on the people whose lives are affected as a result.
Virgin Orbit is laying off 85% of its workforce after it was unable to secure funding. This means 675 people will lose their jobs. The redundancies will likely be completed by April 3.
Two engineers at Google revealed insights on the after-effects of the lay-offs on the existing staff at the company. They shared that losing 12,000 employees has been overwhelming for many.
Microsoft CEO Satya Nadella has confirmed that the company is laying off a massive 10,000 employees starting today. The company will be offering support to those affected by the job cuts.
Amazon is set to commence its huge layoff today which will affect 18,000 employees in America, Europe, and possibly elsewhere. The layoffs were announced earlier this month by CEO Andy Jassy.
Amazon has massively reduced its software development job openings following the laying off of around 18,000 employees. There are still a few hundred openings but this is down around 99%.
Amazon is going to lay off 18,000 employees, almost double what it had previously planned in November. Communication with affected employees is now set to take place from January 18.
New data from ZipRecruiter has found that 79% of tech workers that were laid off have found new employment within six months. Of those, 74% remained in the tech sector while others moved.
Salesforce decided to make less than 1,000 employees redundant earlier this week after it saw a decline in custom from small and medium-sized businesses, predominantly in North America and Europe.
Mark Zuckerberg has told executives in a meeting on Tuesday that layoffs will begin on Wednesday morning. Thousands of jobs are expected to go. Four months of salary will be paid as severance.
The ride-hailing firm, Lyft, has announced it's cutting 13% of jobs. It said it needs to become leaner as a recession looms and insurance costs rise. The cuts will affect more than 650 people.
Calm is the latest technology company to announce that it's laying off some of its employees. The firm decided to cut 20% of jobs after it saw a 30% decline in app downloads over the last year.
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A new report by Oxford Economics states that 20 million manufacturing jobs will be wiped out by 2030 worldwide. New jobs to fill those are likely to be created but could involve retraining.
In a statement, Elon Musk, CEO of Tesla, announced that the firm would be laying off around 3,000 workers, or 7% of its workforce. Help for those being sacked wasn't detailed by Musk.
The Bank of England's chief economist has warned that the UK faces having swathes of technologically unemployed people and stated that they will need to upskill in order to stay employable.
Facebook has announced that a job hunting tool, that it launched in the U.S. and Canada last year, will arrive in 40 countries soon. The tool lets potential employees get connected to businesses.
Employment isn't always easy to find, but Facebook is trying to change that. The giant social network has partnered with numerous entities to bring the hunt to the News Feed.
Google announced plans to downsize Motorola Mobility's workforce on Sunday, with the intention of cutting down the workforce by 4,000 employees.
