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TECHNOLOGY SECTOR JOB CUTS
The number of Americans filing for jobless aid remain at historically low levels below 200,000U.S. unemployment benefits applications slightly increased, with initial claims rising to 199,000 for the past week. Despite the increase, ...- Artificial intelligence may create more jobs than it replaces in India: Piyush GoyalUnion Minister Piyush Goyal announced that artificial intelligence is poised to generate significant job opportunities for the youth of Ind...
- Netflix layoffs: 1,000 employees eliminated ahead of quarterly earnings results; biggest cut since 2022After a challenging year at Wall Street, Netflix lays off around 1,000 employees, comprising about 6% of its total workforce. The impact wi...
- Netflix layoffs: Employee loses job after 12 years, says ‘it’s hard to put into words’, after 1,000 workers are laid offNetflix is laying off nearly 1,000 employees, around 6% of its workforce, amid organisational changes. Adam Mulder, who spent 12 years at t...
- Netflix lays off 6% of its workforce: Employee shares why he feels ‘relieved’: ‘I have no idea…’Netflix has slashed about six percent of its workforce – this has impacted more than 1,000 employees in total. Taking to Reddit, one Reddit...
- Netflix announces its biggest layoffs to date, to fire 6% employees. Read the full letter of co-CEOs to staffIn a strategic move amid declining subscriber numbers, Netflix announced the layoff of approximately 1000 employees, making up about 6% of ...
- Netflix cuts about 6% of jobs: WSJThis marks its biggest round of layoffs since 2022, as the streaming giant faces intense competition for users' time in a consolidated medi...
- China solar giants shed another 40,000 jobs last year as overcapacity persistsChina's leading solar manufacturers have cut their workforce by 21% as they continue to face financial challenges. Despite increasing deman...
- AI skills redraw entry-level jobs map as IT-BPM fresher hiring reboundsCompanies are moving beyond bulk recruitment and willing to pay a premium for AI-native talent as routine work gives way to specialised rol...
- AI boom drives record sales at Dutch tech giant ASMLASML, a leading Dutch technology firm, has announced unprecedented profits, fueled by a surge in demand for semiconductor manufacturing rel...
- Microsoft Azure is not taking cost-cutting measures, says software giant spokesperson amidst AI overhaul reportsMicrosoft has announced the next generation of its custom AI chip and said it plans to deploy potentially more than a million of them next ...
- Kroger to cut 3,000 corporate jobs as CEO Greg Foran launches sweeping restructuring to take on rivals in the battle for cheaper groceriesKroger is embarking on a major restructuring by cutting around 3,000 corporate roles to boost operational efficiency. This strategic decisi...
- 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...
- Need to look at cost of doing business to boost manufacturing; cut statutory liquidity ratio: Amitabh KantAmitabh Kant has advocated for reducing the statutory liquidity ratio to promote job-intensive manufacturing in India. He emphasized that c...
- AI surveillance startup Flock Safety to cut several hundred jobs amid backlashFlock Safety plans to let go of about 18% of its employees, people with direct knowledge of the plans said on Thursday, as the maker of AI-...
- Jeff Bezos says AI could bring a 3 day work week, so why is Amazon cutting jobs?The Amazon founder believes rising productivity could make shorter workweeks possible. Some people may eventually earn enough to support th...
- 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.
- Amazon makes fresh job cuts, mainly in retail divisionAmazon confirmed on Wednesday it had cut what it said were a small number of jobs, primarily in its Stores unit which oversees the main e-c...
- Amazon makes fresh job cuts, mainly in retail divisionAmazon has confirmed recent job cuts affecting employees in its Stores unit during a major sales event. The layoffs are part of a series of...
- More layoff pain: Nike, airBaltic and Microsoft's Hellblade studio announce major job cutsNike is planning to implement further job cuts as part of its restructuring programme, which began in March. Meanwhile, developers at Hellb...
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