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MASS LAYOFFS AI
US-China AI race could face financial setbacks, mass layoffs over next three years: ReportThe report highlighted, the global artificial intelligence (AI) race is increasingly becoming a contest between China's state-led approach ...- First husband, then wife lose their tech jobs in US, newborn baby at home and healthcare coverage worries. Heartbreaking post highlights growing anxiety among tech workersHa Nguyen, a founder and managing partner, shared the heartbreaking story of a US-based tech couple who lost their jobs one after another w...
- AI can perform the work of 10 people, says Zoho’s Sridhar Vembu, warns of headcount impactSridhar Vembu, the visionary behind Zoho, raises alarms regarding the transformative role of AI on computer-related jobs. He posits that on...
- Zoho’s Sridhar Vembu sees a painful rebalancing of jobs in the AI ageSridhar Vembu expressed concerns regarding the impact of artificial intelligence on computer-based employment. He indicated that AI could a...
- IMF, OECD warn AI could widen rich-poor country divideRecent conversations underscore the transformative possibilities of artificial intelligence in fostering global economic growth and improvi...
- IMF, OECD warn AI could widen rich-poor country divideArtificial intelligence holds the potential to significantly enhance global economic growth and productivity rates. However, poorer countri...
- Zoho’s Vembu refuses to lay off people even as AI squeezes SaaS companiesThe cofounder and chief scientist of the SaaS firm said Zoho retrains people to deploy on new products or helping customers better, when AI...
- Sridhar Vembu net worth: Zoho co-founder who built a multi-billion dollar business ranks among India’s richest with his siblings; his career, education and wealthSridhar Vembu Net Worth: Zoho co-founder Sridhar Vembu and his siblings have a combined net worth of $5.8 billion, according to Forbes. He ...
- ‘Please pray for us,’ says Sridhar Vembu as Zoho skips pay hikes amid rising AI costsVembu said that the company has also gone 18 months without growing its employee count and is looking to avoid mass layoffs.
- Zoho skips pay hikes, cites raised AI costs and geopolitical backdropIn a recent statement, Zoho's founder Sridhar Vembu announced that the company will not implement salary hikes for its employees. This deci...
- Samsung plans $9.15 billion semiconductor investment, with nearly $6 billion earmarked for VietnamSamsung affiliates are planning to invest over 12 trillion won in semiconductor operations across Vietnam and South Korea. The company aims...
- India’s AI rules take shape; TCS profit jumps 15%The government is set to release a consultation paper on AI regulations within a month. This and more in today’s ETtech Top 5.
- Amazon India layoffs: Pink slips handed to employees across retail, customer service functionsThe layoffs came to light a day after Amazon's biggest flagship sale event in the country, Great Indian Festival, opened on October 7.
- Making people redundant is a no-win: Revolut India CEO on AI job cutsAs large private banks and financial institutions trim headcount to automate their workforce, Revolut’s Paroma Chatterjee believes it is cr...
- Uber layoffs impact India; RMG ban, a year onHappy Thursday! Uber is cutting jobs in India as part of a sweeping global restructuring. This and more in today’s ETtech Morning Dispatch.
- Oracle layoffs September 1: Will employees wake up to another ‘6 a.m. email’ tomorrow after 21,000 jobs were cut as AI spending soars?Oracle layoffs 2026: Employees are reportedly bracing for another round of job cuts after Oracle eliminated around 21,000 positions earlier...
- AI is creating more jobs than it destroys in India, but freshers face the squeezeAI is creating more jobs than it destroys in India currently. However, entry-level hiring is declining significantly for young workers. Com...
- Oracle plans more layoffs as AI spending surges. Is the AI jobs apocalypse finally here?Oracle is said to be planning additional job cuts this month, following a substantial reduction in its workforce in the previous fiscal yea...
- Mass layoffs in 2025: Microsoft, Meta, and more big names slash jobs — is yours next?In 2025, layoffs persist across technology, retail, and space exploration, driven by AI and automation. Companies like Meta, Boeing, and Ch...
- Bengaluru startup CEO alleges ex-employee stole his passport with US Visa following mass layoffs: Check detailsSaarthi AI, a Bengaluru-based startup, is grappling with multiple issues, including allegations of unpaid salaries and a claim from its CEO...
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