AI driving credit risk, may threaten jobs and tax revenues in developed economies: FitchFitch Ratings highlights AI and massive digital infrastructure spending as significant global credit risks. While AI promises efficiency, i...
01 Jul, 2026, 09.20 AM IST
Microsoft to cut under 2.5% of workforce in latest layoffs: reportU.S. companies have continued to trim headcount in recent months, with a fresh wave of layoffs across the technology, media and finance s...
01 Jul, 2026, 07.41 AM IST
ET Graphics: Code takes over the cubicles as tech companies toss staff for AI growthSince the beginning of 2026, over 120,000 tech employees have been laid off across more than 200 companies including Meta, Amazon and Oracl...
01 Jul, 2026, 06.00 AM IST
Weak hiring is hurting young workers more than AI, study saysA new Federal Reserve study reveals that a scarcity of job openings, not a lack of AI skills, is the primary driver of unemployment among y...
30 Jun, 2026, 04.37 PM IST
Tech Mahindra partners with Microsoft to bring AI digital twins to telecom networksTech Mahindra and Microsoft have joined forces to revolutionise telecom network modernisation with an AI-driven 5G network digital twin. Th...
30 Jun, 2026, 03.51 PM IST
Fermac AI Systems and RockyEmbed: Advancing India's AI FutureFermac AI Systems is an Indian AI company developing innovative AI solutions and industry-focused training programs. Its flagship model, Ro...
30 Jun, 2026, 02.59 PM IST
Microsoft shares head for worst month since 2000 as AI concerns wipe out $570 billionMicrosoft shares are heading for their worst month since 2000, falling 17% in June as concerns over heavy AI spending and delayed returns e...
29 Jun, 2026, 07.54 PM IST
He dropped out of IIT and then landed a job at Microsoft before he turned 20: ‘Stop blaming, get out….’Defying expectations, 19-year-old Ashish Kumar Verma quit IIT Delhi to join Microsoft without a degree. Verma, already a recognized tech pr...
29 Jun, 2026, 05.43 PM IST
Employers across globe continue to have confidence in MBA graduates despite AI boom: GMAC reportGlobal employers maintain strong faith in MBA graduates, with over half believing business degrees are more crucial than ever as technology...
28 Jun, 2026, 12.05 PM IST
AI unlikely to trigger 'Job Apocalypse', it may create uneven workforce disruption: Goldman Sachs ReportA Goldman Sachs report suggests that concerns regarding an impending 'AI job apocalypse' may be overstated. Over the next decade, while AI ...
26 Jun, 2026, 11.15 AM IST
AI is plowing through the workplace. This new group wants to help people adapt and have jobsA newly formed bipartisan nonprofit named RAISE US is set to launch with over $500 million aimed at tackling job losses anticipated from ar...
26 Jun, 2026, 10.23 AM IST
Bleak job market for H-1B returnees; Delhivery investors' exitLaid off tech workers from the US face an unprecedented job slump back home. This and more in today’s ETtech Morning Dispatch.
26 Jun, 2026, 07.51 AM IST
No vacancy at home: Worsening job market greets H-1B returneesIndian tech professionals returning from the US, including H-1B visa holders, face a challenging job market back home. Layoffs at major US ...
26 Jun, 2026, 06.00 AM IST
Anthropic expands hiring for AI infra roles in A-Pac amid surge in demandThe hiring push comes as Anthropic works to expand its computing capacity beyond the US. The company had said in a blog post in April that ...
25 Jun, 2026, 06.56 PM IST
In supercomputer marathon, China tops US; but AI-high? NoChina's LineShine supercomputer has topped the global TOP500 list, utilizing domestically produced chips. However, experts suggest this ach...
24 Jun, 2026, 12.00 AM IST
Oracle layoffs 2026: Tech giant's headcount shrinks by 21,000 amid rapid AI adoptionAI adoption has led to a 13% decline in Oracle's total workforce. The company said in its filing that the workforce adjustments were in res...
23 Jun, 2026, 08.53 AM IST
Chevron signs pact with Microsoft for powering its Texas data centreChevron and Microsoft have partnered for a 20-year deal to power a Texas data center. The Kilby facility will supply 2.67 gigawatts using G...
22 Jun, 2026, 11.56 PM IST