Layoffs

Twitter

Facebook

Copy Link

Top News

Jeff Bezos Says AI Could Enable 3 Day Work Week as Productivity Soars

Amazon founder Jeff Bezos predicts artificial intelligence will drive productivity high enough for some families to support themselves working just three days weekly. Speaking at Blue Origin's Florida facility, Bezos outlined an optimistic AI vision even as Amazon cut roughly 30,000 corporate jobs since late last year.

Business3 sources

Jeff Bezos Says AI Could Enable 3 Day Work Week as Productivity Soars

Business3 sources

Warhorse Studios CEO: Using AI to Replace Developers Is a 'Fundamentally Flawed Idea'

Martin Klima, CEO of Warhorse Studios, challenges the gaming industry's approach to AI in game development. He argues that executives hold a simplified view of AI capabilities and that using AI to replace developers is fundamentally flawed. Instead, Klima envisions AI as a tool to augment human developers and create bigger games for the same cost.

Entertainment2 sources

Warhorse Studios CEO: Using AI to Replace Developers Is a 'Fundamentally Flawed Idea'

Entertainment2 sources

HSBC Plans Sweeping Job Cuts in UK Wealth Management as AI Push Eliminates 70% of Financial Advisers

HSBC is cutting up to 70% of financial advisers and half of management roles in its UK wealth business as part of CEO Georges Elhedery's AI-driven strategy. The cuts, described as "deep, wide and brutal," mark a sharp reversal from the bank's 2022 hiring spree and highlight AI's growing impact on workforce restructuring across the banking sector.

Business6 sources

HSBC Plans Sweeping Job Cuts in UK Wealth Management as AI Push Eliminates 70% of Financial Advisers

Business6 sources

HubSpot Cuts 660 Jobs in Major AI Shift, Despite CEO Denying AI Efficiencies as Reason

HubSpot announced it will eliminate 660 roles, representing 7% of its workforce, as the Cambridge-based company pivots toward an AI-driven strategy. CEO Yamini Rangan insists the job cuts are not driven by AI efficiencies but rather by the need to align the organization with delivering customer outcomes through AI.

Business3 sources

HubSpot Cuts 660 Jobs in Major AI Shift, Despite CEO Denying AI Efficiencies as Reason

Business3 sources

DNB Bank Cuts 400 Jobs as AI Agents Take Over Coding, KYC and Manual Banking Tasks

Norway's largest bank DNB announced workforce reduction of around 400 employees in its Technology & Services unit as AI agents replace manual tasks in coding, KYC compliance, and technology development. CEO Kjerstin Braathen says the bank is adapting to a new reality where AI is changing service delivery and operations.

Business6 sources

DNB Bank Cuts 400 Jobs as AI Agents Take Over Coding, KYC and Manual Banking Tasks

Business6 sources

BMW Bets on AI Restructuring Plan With 20% Job Cuts and €2bn to Revive Its Fortunes

BMW unveiled a comprehensive restructuring plan centered on AI integration, cutting management roles by 20% and investing €2 billion in German production. The luxury automaker aims to restore profitability after multiple profit warnings, with automotive operating margins targeted at 3-5% by 2028 and 8-10% by the early 2030s.

Business4 sources

BMW Bets on AI Restructuring Plan With 20% Job Cuts and €2bn to Revive Its Fortunes

Business4 sources

US Creative Industries Lose Over 200,000 Jobs as Generative AI Tools Rise

The United States has shed more than 200,000 creative jobs across film, TV, publishing, and graphic design over four years, with 50,000 losses in the past year alone. This decline coincides with the rise of generative AI tools, marking one of the worst employment stretches for media workers in modern US history.

Business2 sources

US Creative Industries Lose Over 200,000 Jobs as Generative AI Tools Rise

Business2 sources

Amazon Rehires Former Employees for AI and Cloud Roles After Cutting 30,000 Jobs

Amazon is reaching out to former employees, including laid-off workers, to fill AI and cloud computing positions through its Boomerang Reengagement Initiative. The tech giant cut 30,000 jobs in the past year but continues hiring for strategic AI roles as it competes with Google, OpenAI, Meta, and Anthropic for talent.

Business5 sources

Amazon Rehires Former Employees for AI and Cloud Roles After Cutting 30,000 Jobs

Business5 sources

Global Survey Reveals 74% of Americans Worry About AI Despite Daily Use, Job Losses Expected

Two major global surveys expose a striking paradox: Americans lead the world in AI-related anxiety with 74% expressing worry, even as 68% of daily users share these concerns. Meanwhile, 71% expect AI and job losses within 20 years, contrasting sharply with optimism in Singapore and China.

Entertainment7 sources

Global Survey Reveals 74% of Americans Worry About AI Despite Daily Use, Job Losses Expected

Entertainment7 sources

Oracle Layoffs Reach 8,000 as Company Redirects Resources Toward $95 Billion AI Infrastructure Push

Oracle initiated another round of workforce restructuring on September 14, affecting an estimated 5,000 to 8,000 employees as the company redirects resources toward AI infrastructure. Despite cutting jobs, Oracle continues hiring for data centers and AI roles while maintaining capital expenditures between $90 billion and $95 billion for fiscal 2027.

Business5 sources

Oracle Layoffs Reach 8,000 as Company Redirects Resources Toward $95 Billion AI Infrastructure Push

Business5 sources

Meta Quietly Reverses Course on Flat Organizational Structure in Applied AI Division

Meta is asking individual contributors in its Applied AI division to return to managerial roles, marking a reversal of its aggressive push toward flatter organizational structures. The shift comes after the company eliminated management layers during its Year of Efficiency and cut 8,000 employees in May 2026 to fund AI investments.

Business3 sources

Meta Quietly Reverses Course on Flat Organizational Structure in Applied AI Division

Business3 sources

Gartner predicts 30% of AI-replaced workers will need rehiring by 2029 as four trends reshape work

Gartner warns that one in three employees laid off due to AI replacement will need to be rehired by 2029, often at higher costs. The research firm identifies four critical trends shaping the future of work, emphasizing human-AI collaboration and workforce amplification over simple automation as the path to competitive advantage.

Business2 sources

Gartner predicts 30% of AI-replaced workers will need rehiring by 2029 as four trends reshape work

Business2 sources

Blizzard Union Contract Gives 1,900 Workers Right to Bargain Over AI Usage and Layoff Protections

After two years of negotiations, 1,900 unionized Blizzard Entertainment workers ratified a historic contract requiring the company to bargain over AI usage with the Communications Workers of America. The agreement provides layoff protections including 14-month recall rights and four weeks extra severance, marking a gaming industry first as Microsoft plans 1,600 more job cuts.

Business6 sources

Blizzard Union Contract Gives 1,900 Workers Right to Bargain Over AI Usage and Layoff Protections

Business6 sources

Meta Ends Tokenmaxxing Incentives While Rolling Out Hatch AI Agent for Employee Testing

Meta has formally ended its controversial tokenmaxxing program that tied employee performance evaluations to AI tool usage. The company now focuses on impact rather than AI adoption metrics. Simultaneously, Meta is testing Hatch AI, an advanced agentic tool that can autonomously browse the web and operate applications, raising new questions about privacy concerns and potential workforce reductions.

Technology2 sources

Meta Ends Tokenmaxxing Incentives While Rolling Out Hatch AI Agent for Employee Testing

Technology2 sources

Uber Slashes 3,300 Jobs in 10% Workforce Reduction as Robotaxi Competition Intensifies

Uber announced its largest workforce reduction since the pandemic, cutting 3,300 employees—primarily middle managers—as CEO Dara Khosrowshahi reorganizes the company to compete in the emerging robotaxi market. The cuts come despite record quarterly revenue of $14.2 billion as the ride-hailing giant faces mounting pressure from Waymo's expanding autonomous vehicle operations.

Business3 sources

Uber Slashes 3,300 Jobs in 10% Workforce Reduction as Robotaxi Competition Intensifies

Business3 sources

Prev12 3 4…18 Next