Job Losses
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Swedish Fintech Company Stopped All Hiring Since Last Year Replacing Workers With AI
Klarna said earlier this year that its AI assistant, which is powered by OpenAI, is doing the work of 700 full-time customer service agents.
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Fearing Job Loss, Locals Clash With Cops Over Vaishno Devi Ropeway Project
A proposed ropeway project along the trek to the Vaishno Devi shrine has sparked unrest among local shopkeepers, pony service providers, and labourers. Protesters clashed with police today at the Katra base camp in Jammu and Kashmir's Reasi district.
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UK Woman Fired After Coming Back From Maternity Leave Pregnant Again, Awarded Compensation
Nikita Twitchen, a former admin assistant at First Grade Projects, launched an unfair dismissal claim, alleging her pregnancy was the reason for her termination.
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Boeing To Cut 17,000 Jobs Worldwide Amid Factory Strikes
Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region.
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From Job Loss To Swiggy Delivery Partner: Engineer's Inspiring Journey
When life took an unexpected turn for Riyazuddin A, anengineer,after he was laid off from his job, bills piled up and he faced repeated rejections from places he applied to.
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Rocksteady Studios Reportedly Hit With Layoffs After Suicide Squad: Kill the Justice League Sells Poorly
Rocksteady Studios has reportedly been hit with layoffs. The job cuts are said to have impacted the studio’s quality assurance (QA) department, with nearly half the team members laid off.
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"Down To Last Few Thousands": Ankur Warikoo Shares Poignant Story Of Father's Job Loss And Stolen Savings
Ankur Warikoo, a well-known author, entrepreneur, and content creator, often ignites discussions online with his thought-provoking posts.
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Amidst AI Push, Cisco To Lay Off Thousands In Second Job Cut This Year, Sources Say
The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February. The company employed around 84,900 people as of July 2023.
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Sensex Slides Over 2,400 Points As Jobs Data Sparks Recession Fears In US
Indian markets experienced one of the worst falls today following the global bloodbath with both the Nifty and Sensex registering high losses during the opening trade.
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Intel Says It Will Sack 18,000 Staff, Cut $20 Billion In Expenses
US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations.The plan to cut approximately $20 billion in expenses this year came as Intel reported a loss of $1.6 billion in the recently ended qua
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Unemployment Rate At 3.2%, Will Drop Below 3% In Future: Labour Minister
There is no need for concern about job losses, Union Labour Minister Mansukh Mandaviya said on Monday and added that the country's unemployment rate would come down below 3 per cent in the future.
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"Best Phone Call": Rahul Dravid Reveals Who Stopped Him From Leaving India Job In 2023
The T20 World Cup was Rahul Dravid's final tournament in charge and the legendary India batter revealed how a phone call from skipper Rohit Sharma stopped him from leaving his position after the World Cup final loss in 2023.
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Meta Looking to Hire Generative AI-Focused Workers on Metaverse Team After Layoffs
Meta is looking to hire employees to expand its foray in the generative AI space, as part of its metaverse team. As per a new job listing, could integrate GenAI with its metaverse-related efforts, including virtual reality (VR), augmented reality (AR), and mixed reality (MR) elements – that together make for components of the metaverse
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Crypto Price Today: Bitcoin, Ether Prices Drop as Cryptocurrencies Continue to Be Volatile
The overall crypto market cap dipped by 2.76 percent in the last 24 hours. Bitcoin and Ether are reeling under losses after the US job openings data showed a rise since May. While BTC, as per analysts, could still see some price dips, ETH could rise in price if the US approves more ETH ETFs in the coming days.
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Narayana Murthy Was Asked How AI Will Hurt Job Prospects. His Response
The rapid expansion of Artificial Intelligence (AI) across industries worldwide has made tasks efficient andeasier. And with that,there'salso beena growing concern about potential job losses to the technology.
-
Swedish Fintech Company Stopped All Hiring Since Last Year Replacing Workers With AI
Klarna said earlier this year that its AI assistant, which is powered by OpenAI, is doing the work of 700 full-time customer service agents.
-
Fearing Job Loss, Locals Clash With Cops Over Vaishno Devi Ropeway Project
A proposed ropeway project along the trek to the Vaishno Devi shrine has sparked unrest among local shopkeepers, pony service providers, and labourers. Protesters clashed with police today at the Katra base camp in Jammu and Kashmir's Reasi district.
-
UK Woman Fired After Coming Back From Maternity Leave Pregnant Again, Awarded Compensation
Nikita Twitchen, a former admin assistant at First Grade Projects, launched an unfair dismissal claim, alleging her pregnancy was the reason for her termination.
-
Boeing To Cut 17,000 Jobs Worldwide Amid Factory Strikes
Boeing announced Friday that it plans to cut 10 percent of its workforce as it projected a large third-quarter loss in the wake of a machinist strike in the Seattle region.
-
From Job Loss To Swiggy Delivery Partner: Engineer's Inspiring Journey
When life took an unexpected turn for Riyazuddin A, anengineer,after he was laid off from his job, bills piled up and he faced repeated rejections from places he applied to.
-
Rocksteady Studios Reportedly Hit With Layoffs After Suicide Squad: Kill the Justice League Sells Poorly
Rocksteady Studios has reportedly been hit with layoffs. The job cuts are said to have impacted the studio’s quality assurance (QA) department, with nearly half the team members laid off.
-
"Down To Last Few Thousands": Ankur Warikoo Shares Poignant Story Of Father's Job Loss And Stolen Savings
Ankur Warikoo, a well-known author, entrepreneur, and content creator, often ignites discussions online with his thought-provoking posts.
-
Amidst AI Push, Cisco To Lay Off Thousands In Second Job Cut This Year, Sources Say
The number of people affected could be similar to or slightly higher than the 4,000 employees Cisco laid off in February. The company employed around 84,900 people as of July 2023.
-
Sensex Slides Over 2,400 Points As Jobs Data Sparks Recession Fears In US
Indian markets experienced one of the worst falls today following the global bloodbath with both the Nifty and Sensex registering high losses during the opening trade.
-
Intel Says It Will Sack 18,000 Staff, Cut $20 Billion In Expenses
US chip maker Intel said Thursday it will slash more than 15 percent of its workforce as it streamlines operations.The plan to cut approximately $20 billion in expenses this year came as Intel reported a loss of $1.6 billion in the recently ended qua
-
Unemployment Rate At 3.2%, Will Drop Below 3% In Future: Labour Minister
There is no need for concern about job losses, Union Labour Minister Mansukh Mandaviya said on Monday and added that the country's unemployment rate would come down below 3 per cent in the future.
-
"Best Phone Call": Rahul Dravid Reveals Who Stopped Him From Leaving India Job In 2023
The T20 World Cup was Rahul Dravid's final tournament in charge and the legendary India batter revealed how a phone call from skipper Rohit Sharma stopped him from leaving his position after the World Cup final loss in 2023.
-
Meta Looking to Hire Generative AI-Focused Workers on Metaverse Team After Layoffs
Meta is looking to hire employees to expand its foray in the generative AI space, as part of its metaverse team. As per a new job listing, could integrate GenAI with its metaverse-related efforts, including virtual reality (VR), augmented reality (AR), and mixed reality (MR) elements – that together make for components of the metaverse
-
Crypto Price Today: Bitcoin, Ether Prices Drop as Cryptocurrencies Continue to Be Volatile
The overall crypto market cap dipped by 2.76 percent in the last 24 hours. Bitcoin and Ether are reeling under losses after the US job openings data showed a rise since May. While BTC, as per analysts, could still see some price dips, ETH could rise in price if the US approves more ETH ETFs in the coming days.
-
Narayana Murthy Was Asked How AI Will Hurt Job Prospects. His Response
The rapid expansion of Artificial Intelligence (AI) across industries worldwide has made tasks efficient andeasier. And with that,there'salso beena growing concern about potential job losses to the technology.
