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WORKFORCE REDUCTION
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...
- 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...
- 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...
- Netflix shares slide 4% as slowing sales growth raises fresh concernsNetflix shares fell after the streaming giant reported its slowest sales growth in three years and forecast another quarter of slowing reve...
- EBay to lay off 9% of workforce in push to simplify operationsEBay will lay off about 1,000 employees, representing 9% of its workforce, to streamline operations. The company previously reduced its sta...
- Gameberry Labs posts 20% rise in FY26 revenue to Rs 711 crore, profit up 17%Gameberry Labs reported a 20% increase in revenue during FY26, reaching Rs 711 crore, alongside a 17% profit rise. The company's revenue fr...
- 'Om Feminist Evictoraya Namah': Bengaluru men perform puja for Elon Musk, hail him as 'destroyer of Wokashura' in viral video sparking debateA video showing a group of men in Bengaluru performing a puja for Tesla CEO Elon Musk has gone viral on social media. Associated with the S...
- Canada may raise immigration levels as population growth hits lowest since WWIICanada's Immigration Minister Lena Diab has signalled a possible increase in immigration levels as population growth hits its lowest rate s...
- Dubai bets $1.4 billion on a new financial district after Gulf war slowdownDubai is advancing a significant $1.4 billion real estate project, which includes hotels and office spaces. Although property transactions ...
- 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...
- AI could free up 40% of banks' middle and back-office capacity by 2030: BCG ReportThe integration of artificial intelligence is set to drastically reshape the workforce in the banking industry's middle- and back-office se...
- Amazon layoffs hit during Prime Big Deal Days while Bezos says AI could bring 3-day workweeks and US may beat China to moon by 2028Amazon layoffs: Amazon is cutting fewer than 1,000 white-collar jobs during Prime Big Deal Days, mainly across its Stores division. At the ...
- Productivity gains from AI could help offset Asia's ageing population problem, IMF saysArtificial intelligence stands as a promising solution to counterbalance the issues arising from decreasing workforces across Asia. The Int...
- Netflix plans to cut about 5% of its workforce as early as next week, report saysNetflix is preparing to lay off approximately 5% of its workforce, with an announcement imminent next week. The decision follows previous l...
- University of Utah may cut up to 15% of workforce for ‘modernization’ as it faces ‘most significant challenges’ in 176-year historyThe University of Utah has revealed its strategy to cut up to 15% of its non-faculty and non-clinical roles. This decision is designed to a...
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