/Layoffs

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Luminar files for bankruptcy after Volvo slashes lidar

Luminar files for bankruptcy after Volvo slashes lidar sensor orders by 90%

TechCrunch, The Verge

Wells Fargo CEO announces AI will drive job cuts as bank

Wells Fargo CEO announces AI will drive job cuts as bank pursues efficiency gains

Diginomica, PYMNTS, and 1 more

Silicon Valley start-ups embrace 'refounding' as A.I.

Silicon Valley start-ups embrace 'refounding' as A.I. scrambles business models across tech

NYT, ET

Meta prepares to slash metaverse budget by 30% after $70

Meta prepares to slash metaverse budget by 30% after $70 billion in losses, pivots to AI

The Verge, TechSpot, and 9 more

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Meta's AI strategy pivots as Avocado model threatens open source commitment and sparks internal tension

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Meta acquires Limitless, an AI wearables startup backed by Sam Altman, to expand hardware ambitions

AI drives workforce transformation as leaders rethink

AI drives workforce transformation as leaders rethink talent management and restructuring strategies

VentureBeat, Entrepreneur

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Microsoft slashes AI sales targets as enterprises resist paying premium for unproven agents

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ServiceNow acquires Veza to tackle identity governance challenges in enterprise AI deployments

Amazon employees warn AI strategy threatens jobs, climate

Amazon employees warn AI strategy threatens jobs, climate goals as 14,000 face layoffs

Fortune, The Hill, and 1 more

Coursera CEO Advises Workers to Embrace Micro-Credentials

Coursera CEO Advises Workers to Embrace Micro-Credentials as AI Displaces Entry-Level Jobs

ET, Benzinga

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Elon Musk Predicts Work Will Become Optional Within 20 Years Due to AI and Robotics Revolution

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UN Report Warns AI Could Deepen Global Inequality Without Strong Policy Action

AI Revolution Targets White-Collar Workers While Hourly

AI Revolution Targets White-Collar Workers While Hourly Employees Remain Largely Unaffected

Fast Company, Seattle Times, and 1 more

Allianz Signals Up to 1,800 Job Cuts as AI Transforms

Allianz Signals Up to 1,800 Job Cuts as AI Transforms Insurance Call Centers

France 24, ET, and 1 more

HP Announces Major Workforce Reduction as Company Pivots to

HP Announces Major Workforce Reduction as Company Pivots to AI-Driven Operations

Ars Technica, The Register, and 7 more

Rockstar Co-Founder Dan Houser Challenges AI Hype in Gaming

Rockstar Co-Founder Dan Houser Challenges AI Hype in Gaming Industry

TechSpot, PC Gamer, and 6 more

Clifford Chance Cuts 10% of Back-Office Staff as AI

Clifford Chance Cuts 10% of Back-Office Staff as AI Transforms Legal Services

FT, The Guardian

Deepwatch Cuts Quarter of Workforce in AI Pivot as

Deepwatch Cuts Quarter of Workforce in AI Pivot as Cybersecurity Sector Faces Layoff Wave

TechCrunch, Dataconomy

Gaming Industry Splits Over AI Use as Arc Raiders Success

Gaming Industry Splits Over AI Use as Arc Raiders Success Sparks Heated Debate

Polygon, PC Gamer, and 12 more

AI Layoffs: Corporate Cost-Cutting Disguised as

AI Layoffs: Corporate Cost-Cutting Disguised as Technological Progress

Bloomberg, NYT, and 4 more

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