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ARTIFICIAL INTELLIGENCE LAYOFFS
Companies Are Laying Off Workers Because of AI’s Potential—Not Its PerformanceAI has been cited as a cause of layoffs, but is it actually displacing jobs? And if not, what’s going on? Based on a survey of 1,006 global...
Meta employees sue, alleging AI-driven layoff picks hit workers on medical, parental leaveMeta faces a lawsuit from twenty-six employees alleging AI selection for layoffs. These workers claim the company's systems unfairly target...
BRICS trade union delegates call for worker-centric AI policies, stronger social dialogueTrade union representatives attending the BRICS Trade Union Forum in Hyderabad have called for artificial intelligence (AI) to be deployed ...
US Stock Market: Inflation gathers pace as tariffs, energy costs and AI investment lift price pressures, says FedU.S. inflation accelerated during spring due to tariffs and rising energy costs. The Federal Reserve's report shows inflation remains signi...
Fed officials divided on US inflation views; US home prices hit all-time highThe International Monetary Fund predicts a modest global economic growth of three percent for this year. In the United States, home prices ...
IMF growth downgrade, Fed split and oil fears dominate week in global economyThe International Monetary Fund forecasts a sluggish global economic growth of three percent this year. US home prices have reached an all-...
Raghuram Rajan, Microsoft's Asha Sharma among Indian-origin appointees to US Fed review panelsUS Federal Reserve appointed Indian-origin experts for policy review. Raghuram Rajan and Raj Chetty will join task forces. Asha Sharma will...
120,000 tech jobs cut in 2026 as AI drives Big Tech's reset; India's IT could be nextGlobal technology layoffs are resurfacing in 2026, driven by artificial intelligence adoption. Companies are restructuring teams and automa...
Global markets are mixed and oil prices rise as Iran and US launch new attacksGlobal markets show mixed early trading as oil prices rise modestly. Fresh attacks between Iran and the United States threaten a fragile re...
Microsoft layoffs: Here's the severance package employees are getting after latest job cutsMicrosoft offers up to 39 weeks of pay and continued benefits to laid-off workers. This generous package includes stock vesting and health ...
Quote of the Day by Galileo Galilei: “We cannot teach people anything; we can only help them...” The centuries-old lesson on learning, self-discovery, success and personal growth by Italian astronomer remains as relevant today as everQuote of the Day by Galileo Galilei : Galileo Galilei's quote 'We cannot teach people anything; we can only help them discover it within th...
Microsoft shares fall over 1% after company announces to layoff 4,800Microsoft announced significant job cuts affecting approximately 4,800 employees globally. The Xbox gaming division will experience the dee...
Microsoft cuts 4,800 jobs as it revamps XboxMicrosoft said Monday it was eliminating about 4,800 jobs -- roughly two percent of its global workforce -- in a cost-cutting move that wil...
Meta's Mark Zuckerberg says AI agent tech progressing slower than expectedZuckerberg and other Meta executives have been seeking to moderate some of the organizational changes introduced earlier this year, witho...
Days after Meta sent 4 AM layoff emails to 8,000 employees, CEO Mark Zuckerberg says fears of AI job losses are overstated and more jobs could be created if...Meta CEO Mark Zuckerberg believes artificial intelligence won't necessarily lead to mass job losses. He has argued that companies can choos...
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...
'AI FOMO': Why this Google techie left the tech giant even after getting Rs 9.5 crore salaryA former Google account executive, Yousuf Imran, quit his high-paying job after earning nearly $1 million, citing fears of layoffs and the ...