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COMPANIES REDUCING STAFF
Lucid Motors layoffs 2026: EV maker slashes jobs ahead of SUV launch - why is Lucid laying off employees, how many jobs are being cut and which roles are impacted?Lucid Motors layoffs 2026 explained: EV maker Lucid Motors is undergoing significant workforce reductions, cutting approximately 18% of its...- AI adoption gains momentum, returns emerge but infra lags: Industry executivesIndian businesses are increasingly embedding AI, transforming operations and yielding measurable returns. However, legacy infrastructure, s...
- UnitedHealth’s $3 billion AI push has bots calling doctorsThe largest US health insurer plans to invest $3 billion in AI over 2026 and 2027. UnitedHealth executives say they’re seeing a 2-to-1 retu...
- 'Do not use': US banking giants JPMorgan and Goldman Sachs restrict Anthropic AI access abroad. Here's whyMajor US banks, JPMorgan Chase and Goldman Sachs, have restricted employees outside the US from using advanced AI tools like Anthropic's Cl...
- Death rate in ICE immigrant detention centers more than doubles under Trump, Reuters analysis findsFifty individuals have died in U.S. immigration detention since January 2025, a rate that has more than doubled since 2009. Concerns are ri...
- Techie says firm fired 90% of staff, plans to hire back as developers are 'dime a dozen' in BangaloreA Bengaluru software architect reported his company laid off 90% of its tech staff, attributing the cuts to AI adoption and reduced custome...
- Diksha Polymers IPO opens today. Check GMP, subscription, and other detailsThe allotment is expected to be finalised on June 22, while the shares are scheduled to list on the BSE SME platform on June 24.
- Techie called ‘money-minded’ by CEO for asking salary hike after cutting down AI costs by 95%. 'You broke the manager's heart'A Reddit post by an AI engineering intern has gone viral after he claimed he was fired from a small startup shortly after requesting a sala...
- BBC Layoffs: Around 2,000 jobs at risk as broadcaster plans 10% cost cuts; Who may lose their jobs and whyBBC Layoff 2026: The BBC is preparing to cut approximately 2,000 jobs, equivalent to around 10% of its workforce costs, as part of a wider ...
- Quote of the day by Ogden Nash: 'Some tortures are physical and some are mental, but the one that is both is...' Life lessons on pain, peace, happiness, human nature and well being by American writer known for humorous poetryQuote of the Day by Ogden Nash highlights a humorous but relatable truth about human pain. The quote compares physical and mental suffering...
- UK to reimburse visa costs for firms bringing in overseas workersBritain is now reimbursing visa fees for fast-growing tech and innovation companies hiring international talent. This initiative, targeting...
- INSIGHT-How Honda's old guard tried, and failed, to oust its CEOHonda is encountering significant disputes as a faction of retired executives pushes for the removal of CEO Toshihiro Mibe. Citing his fail...
- Jobs outlook may cool down in Sept quarter amid economic woesIndia's employment outlook is set to soften in July-September 2026, with 59% of employers anticipating hiring increases, down from 74% in t...
- Increase in limits for NRI and OCI investors to invest in stock market without SEBI registration, RBI GuvThe Reserve Bank of India has boosted investment limits for non-resident Indians, Overseas Citizens of India, and other individuals residin...
- US job growth likely slowed in May, labor market seen stable despite oil shockAmerica's job growth is expected to slow in May after strong previous months. The labor market remains stable. Economists believe the Middl...
- Employee rejoined company on one condition: 'no late-night shifts'; now boss guilt-trips her because she has no kids and lives nearbyAn employee who negotiated a no-late-shift arrangement when rejoining her company says her manager is now subtly pressuring her to cover th...
- “Just mark my words”: Anthropic CEO Dario Amodei's stark warning on AI-driven layoffs, says 'ideology won't survive reality'Anthropic CEO Dario Amodei predicts AI's profound impact on jobs will force political unity on worker support measures. He believes ideolog...
- Harassed by loan recovery agents? Know your legal rights and 6 steps to fight backBorrowers struggling with debt often face harassment from recovery agents through abusive calls, threats, public shaming, and unauthorised ...
- PhysicsWallah aims to grow revenue by over 30% this fiscal, leverage AI to cut costPhysicsWallah anticipates revenue growth exceeding 30% this fiscal year. The edtech firm plans to utilise artificial intelligence to signif...
- Social media companies pay $27 million to settle Kentucky school district's lawsuit over social media harms, records showMeta settled the case brought by Breathitt County School District on May 21, a few weeks before a planned June trial, following earlier set...
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