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RETRAINING WORKFORCE
Putting the Bekaart before AI's racehorse: How widespread adoption of the tech can fill the nation with Kantian roachesArtificial intelligence adoption threatens widespread job losses, wihch could devalue human work and necessitate government income support....
JD.com founder vows to protect Chinese jobs from AI and robotsThe company, which is one of the country’s largest employers by headcount, will “do everything possible to safeguard employment for hundred...
'More AI, fewer bankers': CEO of US' largest bank JP Morgan Jamie Dimon's remarks hint at a shift in Wall Street trendJPMorgan Chase CEO Jamie Dimon suggests artificial intelligence will significantly reduce jobs at the bank. The company plans to hire more ...
Meta employee laid off after 10 years shares gut-wrenching post: ‘Yesterday I was training a new engineer, today I lost my job’A Meta employee in Singapore, Gary Tay, shared his gut-wrenching experience on LinkedIn of being laid off after nearly ten years, having tr...
Lenskart, Ola’s Q4 scorecards; Visa maze for laid-off techiesLenskart has posted a sharp jump in its March-quarter revenue even as profit dipped marginally. This and more in today’s ETtech Top 5.
AI shift forces skills rethink at India tech hubs, Kimberly-Clark executive saysIndia's offshore centers are seeing a major shift in hiring. Companies now prioritize domain and product skills over coding. AI tools are h...
StanChart CEO seeks to reassure staff over AI-linked job cutsStandard Chartered CEO Bill Winters reassured staff following news of job cuts, emphasizing that the bank is replacing "lower-value human c...
LinkedIn layoffs: Over 600 employees to lose jobs as company restructures operationsLinkedIn has laid off 606 employees, impacting roles across marketing, engineering, and product. This restructuring, aimed at creating agil...
AI will destroy and create new jobs, urges staff to embrace change: HSBC CEOHSBC's top executive Georges Elhedery stated that artificial intelligence will reshape jobs in finance. The bank is actively retraining its...
HSBC job cuts: CEO shares big update on lay offs possibility, message for employees on AI issueHSBC recently launched a dedicated $4 billion credit facility to support the global expansion of mainland Chinese companies.
The AI blindspot: Layoffs are piling up, but where are the returns?Companies are cutting jobs to fund AI, but this strategy may not work. A global survey shows that reducing staff does not guarantee better ...
America’s demographic stagnation to make it poorer?America faces a future of slower economic growth due to demographic stagnation. A declining birth rate and reduced immigration are shrinkin...
Oracle layoffs: AI pivot triggers 10,000 job cuts in IndiaOracle has cut around 10,000 jobs in India, sources told ET. This is part of a global restructuring affecting 30,000 employees. The company...
Genpact spending millions to create AI solutions: CEOGenpact will leverage a combination of autonomous agents with humans in the loop. While Genpact is changing its working model and solution ...
German carmakers race to retrain workforce for electric ageAfter her apprenticeship at Volkswagen, Michelle Gabriel was a master at welding, cutting, bending and stretching metal, but just a few yea...
Middle level is the riskiest zone for the techiesSince workers at the middle level are less likely to imbibe the required emerging skill-sets, they are more likely to be fired than the wor...
A techie and above 35? You are most likely to be firedWorkers at the middle level are less likely to imbibe the required emerging skill-sets. That's why they are more at risk than workers at th...