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AMD to Cut Four Percent of Global Workforce as it Focusses on AI Chip Development
AMD is laying off about 1,000 employees, as it directs efforts towards developing AI chips. AMD plans to start mass production of a new version of its artificial-intelligence chip called the MI325X in the fourth quarter of the year.
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ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
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'Great Resignation' Enters Third Year As Workers Embrace AI, Upskilling
The proportion of workers who expect to switch employers in the next 12 months is higher than that from the "Great Resignation" period of 2022, a PwC survey of the global workforce found.
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Elon Musk Sacking Senior Tesla Staff To Further Reduce Costs: Report
Elon Musk is firing more people at his electric car company Tesla, after executing layoffs this month that affected 10 per cent of its global workforce, a media report said today.
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Tesla To Fire 10% Workforce, 14,000 Employees Brace For Sacking: Report
Elon Musk-owned electric vehicle maker Tesla is planning to lay off over 10% of its global workforce, citing duplication of roles as the reason behind the job cuts.
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Tesla To Lay Off 10% Of Its Global Workforce: Report
Tesla plans to lay off more than 10 percent of its global workforce, news site Electrek reported Monday, publishing an email from Chief Executive Elon Musk announcing the cuts.
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Sony Lays Off 900 Workers After Warning Of Fall In PlayStation Sales
Sony PlayStation on Tuesday said it was laying off eight percent of its global workforce, as the tech industry continues to suffer a wave of job cuts.
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Payments Firm PayPal To Cut Around 2,500 Jobs: Report
Payments firm PayPal Holdings is planning to cut about 2,500 jobs, or 9% of its global workforce, this year, a letter from CEO Alex Chriss, seen by Reuters, showed on Tuesday.
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Indians Can Now Work As Cooks In Singapore As Island-Nation Bends Rules
Singapore,in a move to address workforce shortages in its hotel industry, has added cooks from India to its list of permissible hires, widening its recruitment pool for certain job positions in the services and manufacturing sectors.
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Intel's Sandra Rivera Talks About Ambitions for its 14,000 Employees in India, the Datacentre Market, and Future Investments
Can India scale to meet the challenges of a global engineering and manufacturing ecosystem? Intel's Sandra Rivera certainly thinks so.
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NITI Aayog Vice Chairman Recommends Revamping India's Higher Education System
India needs to revamp and improve its higher education system to take advantage of the declining working age population in developed countries like the US and European nations, former NITI Aayog vice chairman Arvind Panagariya said on Wednesday.
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Uber to Lay Off 200 Employees in Recruitment Division to Cut Costs and Streamline Operations
Uber Technologies said on Wednesday it would cut 200 jobs in the company's recruitment division amid plans to keep the staff count flat through the year and streamline costs. The reductions affect less than 1 percent of Uber's global workforce. The ride-share company laid off 150 employees in its freight services division earlier this year.
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OpenAI CEO Sam Altman Says AI Won't Destroy Job Market, Seeks to Calm Fears of AI Growth on Global Tour
OpenAI CEO Sam Altman has sought to calm fears that advancing AI will destroy the job market and said that AI would not wipe out whole sectors of the workforce by using automation to replace human-performed tasks.
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Meta Expects To Lay Off Almost 20% Of Irish Workforce
Meta Platforms Inc expects to cut around 490 jobs at its international headquarters in Dublin, or almost 20% of its Irish workforce, part of 10,000 global layoffs announced in March, the social media company said on Wednesday.
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Dropbox to Reduce Workforce by 16 Percent, Plans to Hire New Staff for AI Offerings
Cloud storage provider Dropbox said on Thursday it would reduce its global workforce by 16 percent to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. Dropbox's chief executive officer, Drew Houston, said the company's core cloud business growth was slowing as challenges from the economic downturn put pr...
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AMD to Cut Four Percent of Global Workforce as it Focusses on AI Chip Development
AMD is laying off about 1,000 employees, as it directs efforts towards developing AI chips. AMD plans to start mass production of a new version of its artificial-intelligence chip called the MI325X in the fourth quarter of the year.
-
ByteDance's TikTok Cuts Hundreds of Jobs in Shift Towards AI Content Moderation
TikTok is laying off hundreds of employees from its global workforce, including a large number of staff in Malaysia, the company said on Friday. Two sources familiar with the matter earlier told Reuters that more than 700 jobs were slashed in Malaysia.
-
'Great Resignation' Enters Third Year As Workers Embrace AI, Upskilling
The proportion of workers who expect to switch employers in the next 12 months is higher than that from the "Great Resignation" period of 2022, a PwC survey of the global workforce found.
-
Elon Musk Sacking Senior Tesla Staff To Further Reduce Costs: Report
Elon Musk is firing more people at his electric car company Tesla, after executing layoffs this month that affected 10 per cent of its global workforce, a media report said today.
-
Tesla To Fire 10% Workforce, 14,000 Employees Brace For Sacking: Report
Elon Musk-owned electric vehicle maker Tesla is planning to lay off over 10% of its global workforce, citing duplication of roles as the reason behind the job cuts.
-
Tesla To Lay Off 10% Of Its Global Workforce: Report
Tesla plans to lay off more than 10 percent of its global workforce, news site Electrek reported Monday, publishing an email from Chief Executive Elon Musk announcing the cuts.
-
Sony Lays Off 900 Workers After Warning Of Fall In PlayStation Sales
Sony PlayStation on Tuesday said it was laying off eight percent of its global workforce, as the tech industry continues to suffer a wave of job cuts.
-
Payments Firm PayPal To Cut Around 2,500 Jobs: Report
Payments firm PayPal Holdings is planning to cut about 2,500 jobs, or 9% of its global workforce, this year, a letter from CEO Alex Chriss, seen by Reuters, showed on Tuesday.
-
Indians Can Now Work As Cooks In Singapore As Island-Nation Bends Rules
Singapore,in a move to address workforce shortages in its hotel industry, has added cooks from India to its list of permissible hires, widening its recruitment pool for certain job positions in the services and manufacturing sectors.
-
Intel's Sandra Rivera Talks About Ambitions for its 14,000 Employees in India, the Datacentre Market, and Future Investments
Can India scale to meet the challenges of a global engineering and manufacturing ecosystem? Intel's Sandra Rivera certainly thinks so.
-
NITI Aayog Vice Chairman Recommends Revamping India's Higher Education System
India needs to revamp and improve its higher education system to take advantage of the declining working age population in developed countries like the US and European nations, former NITI Aayog vice chairman Arvind Panagariya said on Wednesday.
-
Uber to Lay Off 200 Employees in Recruitment Division to Cut Costs and Streamline Operations
Uber Technologies said on Wednesday it would cut 200 jobs in the company's recruitment division amid plans to keep the staff count flat through the year and streamline costs. The reductions affect less than 1 percent of Uber's global workforce. The ride-share company laid off 150 employees in its freight services division earlier this year.
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OpenAI CEO Sam Altman Says AI Won't Destroy Job Market, Seeks to Calm Fears of AI Growth on Global Tour
OpenAI CEO Sam Altman has sought to calm fears that advancing AI will destroy the job market and said that AI would not wipe out whole sectors of the workforce by using automation to replace human-performed tasks.
-
Meta Expects To Lay Off Almost 20% Of Irish Workforce
Meta Platforms Inc expects to cut around 490 jobs at its international headquarters in Dublin, or almost 20% of its Irish workforce, part of 10,000 global layoffs announced in March, the social media company said on Wednesday.
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Dropbox to Reduce Workforce by 16 Percent, Plans to Hire New Staff for AI Offerings
Cloud storage provider Dropbox said on Thursday it would reduce its global workforce by 16 percent to cut costs amid slowing cloud growth, and instead hire new talent to build its AI offerings. Dropbox's chief executive officer, Drew Houston, said the company's core cloud business growth was slowing as challenges from the economic downturn put pr...
