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TECH INDUSTRY JOB CUTS
Explained: Microsoft's buyout offer to about 60,000 employeesStaff on select teams in the US, Canada, India, and Britain, at the level of vice president and below. Some groups are excluded, including ...- Microsoft voluntary retirement scheme: What happens if employees say no to the exit offer?Microsoft has announced a voluntary exit programme allowing approximately 60,000 employees to leave the company with support. The offer inc...
- As Microsoft offers buyouts to 60,000 employees, a tech leader explains the hidden risks of such a large-scale offerMicrosoft's voluntary buyout offer to around 60,000 employees has led a technology advisor to flag two risks companies may overlook when ex...
- 'Involuntary entrepreneur era': Tech veteran's warning to IT workers as Microsoft offers buyouts to 60,000 employeesMicrosoft’s voluntary buyout offers to around 60,000 employees have raised concerns about job security across the technology sector. Tech v...
- Layoffs: Microsoft, Amazon, HP among companies reducing staff due to AI pushRecent developments reveal that leading tech firms like Microsoft and Amazon are making substantial job cuts due to the rise of AI technolo...
- Former Microsoft employee tells wife he was lucky to be fired from tech sector in 2022. What is he doing now?Former Microsoft employee Ian Yong Hoe Tan says he feels fortunate to have been retrenched in late 2022, amid growing concerns about AI-dri...
- Microsoft buyouts: MSFT stock price jumps but why is tech giant offering massive 'voluntary exit' package for 60,000 employees, including VP level? Check which countries workforce impactedMicrosoft, Amazon, Alphabet and Meta are collectively on track to pour roughly $700 billion into AI data centers, chips and computing infra...
- AI cuts some Deutsche Bank corporate loan decisions to minutesDeutsche Bank is revolutionizing corporate lending by harnessing AI technology to expedite decision-making processes. This innovation is se...
- India to remain strict on quality: Industry minister Piyush GoyalIndia's Commerce Minister Piyush Goyal emphasised a strict stance on quality and environmental regulations. He noted that many companies ar...
- India's manufacturing and services sectors are projected to generate more than 35 crore new jobs by 2030: ReportIndia's manufacturing and services sectors are projected to create more than 35 crore new jobs by 2030. The automotive sector alone is expe...
- 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...
- Barclays to cut 5,000 jobs this yearBarclays is cutting around 5,000 jobs, or 5% of its workforce, this year as it deploys technology, including artificial intelligence, to re...
- Westpac's latest job cuts not AI-driven, spokesperson saysWestpac is set to eliminate approximately 140 positions as part of a restructuring effort. The Finance Sector Union highlights that the ban...
- Eternal’s strong Q2 report; Exits outpace hiring at top IT firmsHappy Thursday! Eternal’s Q2 revenue surged on Blinkit’s growth. This and more in today’s ETtech Morning Dispatch.
- Qualcomm may cut 600-1,200 jobs in India as part of global restructuringQualcomm has not disclosed the scale of the planned job cuts or the number of positions that could be affected, and it did not respond to E...
- Software majors delete 24,000 jobs across IT and engineering in a yearOver the last one year, Tata Consultancy Services (TCS), Infosys, HCLTech, Wipro, Tech Mahindra and LTIMindtree collectively recorded 92,00...
- UltraTech commissions Rs 2,650 crore cement plant in Andhra Pradesh in 14 monthsThe integrated cement plant, located in Petnikota village in Kolimigundla mandal in the Rayalaseema region, has a clinkerisation capacity o...
- Anthropic’s new fund could help address AI’s impact on jobs and workersAnthropic has unveiled the Anthropic Public Benefit Fund, which focuses on ensuring job stability amid the rise of AI technology. The firm ...
- RDI fund to spur 10-fold investment from private sector, says NITI's Abhay KarandikarThe Research, Development and Innovation (RDI) scheme aims to significantly increase private sector investment in India. It is designed to ...
- Microsoft’s Satya Nadella asked if AI will kill us all: Here’s how he respondedSatya Nadella underscored the critical role of the AI sector in safeguarding humanity from potential dangers. He articulated that the prima...
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