Layoffs

Twitter

Facebook

Copy Link

Top News

AI Dividend program launches $1,000 monthly payments for workers displaced by AI

The AI Dividend program has begun issuing $1,000 monthly basic income payments to workers impacted by AI job displacement. Run by nonprofits AI Commons Project and What We Will, the initiative currently supports 25-50 recipients with $300,000 in initial funding, aiming to distribute $3 million by 2026.

Entertainment2 sources

AI Dividend program launches $1,000 monthly payments for workers displaced by AI

Entertainment2 sources

Perplexity AI CEO says workers should embrace AI layoffs as path to entrepreneurship

Perplexity AI CEO Aravind Srinivas ignited debate by suggesting AI-driven job displacement offers a chance for workers to escape unfulfilling careers and launch their own businesses. Speaking on the All-In podcast, he called this shift a "glorious future" worth embracing, even as more than 101,000 AI-linked job losses have occurred in the U.S. since February 2025. Critics say his comments are out of touch with workers struggling to make ends meet.

Business3 sources

Perplexity AI CEO says workers should embrace AI layoffs as path to entrepreneurship

Business3 sources

Dimon warns AI job losses demand urgent government-business response to workforce challenges

JPMorgan Chase CEO Jamie Dimon has issued a stark warning about AI job losses, calling for coordinated action between government and businesses. Speaking at Washington's Hill & Valley Forum, Dimon emphasized that rapid economic changes driven by AI could create significant unemployment faster than previous technological disruptions, urging immediate preparation through retraining programs and strategic workforce support.

Policy2 sources

Dimon warns AI job losses demand urgent government-business response to workforce challenges

Policy2 sources

Meta ends metaverse era as Horizon Worlds loses VR access after $80 billion investment

Meta is shutting down Horizon Worlds on Quest VR headsets by June 15, marking a dramatic retreat from Mark Zuckerberg's metaverse vision. After burning through over $80 billion since 2020, Reality Labs posted a record $6.02 billion loss in Q4. The company now shifts focus to AI-powered products like Ray-Ban Meta glasses.

Technology4 sources

Meta ends metaverse era as Horizon Worlds loses VR access after $80 billion investment

Technology4 sources

Nordea Bank to cut 1,500 jobs as artificial intelligence drives €150 million cost savings

Helsinki-based Nordea Bank announced plans to cut up to 5% of its workforce—approximately 1,500 employees—over the next two years as artificial intelligence enables greater efficiency. The move is part of the bank's 2030 strategy centered on AI and data, with expected annual cost savings of at least €150 million from 2028. The bank will incur €190 million in restructuring costs.

Business2 sources

Nordea Bank to cut 1,500 jobs as artificial intelligence drives €150 million cost savings

Business2 sources

ServiceNow CEO warns AI agents could push graduate unemployment above 30% in coming years

ServiceNow CEO Bill McDermott predicts graduate unemployment could surge to the mid-30% range within a couple of years as AI agents take over entry-level tasks. Currently at 5.6%, unemployment rates for recent graduates face steep climbs as companies replace junior roles with AI automation. BlackRock's Larry Fink echoes concerns, warning the class of 2026 may face the highest unemployment in years even without a recession.

Business6 sources

ServiceNow CEO warns AI agents could push graduate unemployment above 30% in coming years

Business6 sources

Meta plans to cut 20% of workforce as AI spending reaches $600 billion, mirroring broader tech trend

Meta is preparing to slash up to 20% of its nearly 79,000-person workforce as the company ramps up artificial intelligence infrastructure investments. Top executives have signaled plans to senior leaders, citing efficiency gains from AI-assisted workers. The cuts would mark Meta's largest since 2022-2023, when it laid off 21,000 employees during its "year of efficiency."

Business18 sources

Meta plans to cut 20% of workforce as AI spending reaches $600 billion, mirroring broader tech trend

Business18 sources

Digg relaunch collapses after just two months as AI bots overwhelm the revived platform

Digg's ambitious comeback ended abruptly after sophisticated AI agents and automated accounts flooded the platform within hours of its beta launch. Despite banning tens of thousands of accounts, the company couldn't maintain trust in its voting system. CEO Justin Mezzell announced significant layoffs while founder Kevin Rose returns full-time to rebuild the platform with a new strategy.

Business8 sources

Digg relaunch collapses after just two months as AI bots overwhelm the revived platform

Business8 sources

Sam Altman warns AI skepticism is rising as Americans blame technology for layoffs and energy costs

OpenAI CEO Sam Altman says AI is facing growing public skepticism in the United States, with data centers blamed for electricity price hikes and companies citing AI for layoffs whether or not it's truly responsible. Recent polls show 57% of voters believe AI's risks outweigh its benefits, raising concerns about America's competitive edge in global AI development.

Policy2 sources

Sam Altman warns AI skepticism is rising as Americans blame technology for layoffs and energy costs

Policy2 sources

Atlassian cuts 1,600 jobs in 10% workforce reduction to fuel AI investments and enterprise sales

Australian productivity software company Atlassian announced layoffs affecting 1,600 employees, representing 10% of its global workforce, as CEO Mike Cannon-Brookes pivots the company toward AI. The job cuts will cost approximately $230 million in severance but aim to strengthen finances and fund AI development. The move follows similar AI-linked cuts at Block Inc. and Oracle Corp., raising questions about whether AI is genuinely transforming work or simply providing cover for cost-cutting.

Business12 sources

Atlassian cuts 1,600 jobs in 10% workforce reduction to fuel AI investments and enterprise sales

Business12 sources

Laid-off lawyers and PhDs are training AI models that could replace their own careers

White-collar professionals displaced by AI are now working precarious gig jobs training the same systems that automated their careers. Companies like Mercor pay up to $45 per hour for experts to create prompts and evaluate chatbot responses, while software developers watch AI agents write code in minutes that once took days. The irony is stark: the more effective their training, the fewer jobs remain.

Entertainment3 sources

Laid-off lawyers and PhDs are training AI models that could replace their own careers

Entertainment3 sources

Oracle plans thousands of job cuts as AI data center spending pushes cash flow negative

Oracle is preparing to cut thousands of jobs across multiple divisions as the company grapples with a cash crunch from its massive AI data center expansion. The database giant is spending $50 billion this year on cloud infrastructure, pushing free cash flow negative until 2030. Some cuts will target roles Oracle expects AI to replace, while the company simultaneously claims AI code generation is making teams more productive.

Business13 sources

Oracle plans thousands of job cuts as AI data center spending pushes cash flow negative

Business13 sources

Block's 4,000-person layoff sparks debate: AI revolution or corporate cost-cutting in disguise?

Jack Dorsey eliminated nearly half of Block's workforce—roughly 4,000 employees—citing AI productivity gains. The fintech CEO claims AI tools enable smaller teams to accomplish more, but current and former employees dispute whether the technology can truly replace human workers at this scale. The move has ignited fierce debate about whether companies are using AI as cover for traditional cost management.

Business11 sources

Block's 4,000-person layoff sparks debate: AI revolution or corporate cost-cutting in disguise?

Business11 sources

Managers experiment with AI while employees lag: Gartner urges HR to bridge the adoption gap

A Gartner study reveals a stark divide in AI adoption, with 46% of managers experimenting with AI compared to just 26% of employees. The research highlights that AI tools don't sell themselves and require strategic change management. HR departments are now being urged to support managers in driving adoption and addressing employee pushback.

Business2 sources

Managers experiment with AI while employees lag: Gartner urges HR to bridge the adoption gap

Business2 sources

Amazon cuts 100+ robotics jobs as warehouse automation team faces restructuring

Amazon confirmed layoffs across its robotics unit this week, cutting at least 100 white-collar positions from teams building warehouse automation solutions. The cuts arrive just weeks after the company shelved its Blue Jay warehouse robot and follow 30,000 corporate job cuts since October, with AI adoption cited as a key driver of workforce reduction.

Business3 sources

Amazon cuts 100+ robotics jobs as warehouse automation team faces restructuring

Business3 sources

Prev 1…91011…16 Next