AI, job cuts and Cost-cutting
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The 153,074 job cuts from last month marked a 175% jump from the same month a year ago and a 183% spike from September, according to a new report.
If AI proves inefficient, will companies need to rehire the talent they let go? Amid a flurry of tech industry layoffs, Amazon’s recent culling of some 14,000 staff stands out for one dramatic reason: It was blamed,
In October, U.S. companies executed more layoffs than in any other October in 22 years. The surge was driven by the rapid adoption of AI and significant cost-cutting.According to a report released Thursday from human resources consulting firm Challenger,
Amazon announced a reorganization that will result in the elimination of 14,000 jobs — and said AI is a leading cause.
Today, U.S. Senators Josh Hawley (R-Mo.) and Mark Warner (D-Va.) announced their AI -Related Job Impacts Clarity Act. The bill would require major companies and federal agencies to disclose all AI-related layoffs to the Department of Labor for a public report.
IBM is cutting thousands of jobs as it pivots toward AI and software. The tech giant’s restructuring highlights a major shift in Big Tech’s new priorities.
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LISTEN: AI Drives Big Tech Layoff Bloodbath; Indie Streamer Dropout Raises Price and Fans Cheer
On today's 'Daily Variety,' AI collides with Big Tech jobs as layoff notices fly; indie streamer Dropout raises its price -- and fans don't complain.
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Goldman Sachs CEO David Solomon on AI layoffs: We will find new jobs, I don't believe that ...
Goldman Sachs CEO David Solomon believes AI won't cause widespread job losses, citing historical economic adaptability. While acknowledging disruption and potential white-collar job shifts, he anticipates new roles emerging.