The U.S. government is considering laws to help society adapt to the introduction of artificial intelligence. Early users of the technology are already seeing labor productivity gains. For example, Klarna, a buy now, pay later financial services provider, estimates that its AI assistant tool will increase its profit outcome by $40 million by the end … Read more
Apple is laying off 614 workers in California, according to a new state filing, the company’s first significant round of job cuts since the Covid pandemic. The affected Apple employees worked at eight different facilities in Santa Clara, according to the WARN notice posted by California. The workers were officially informed of the cuts on … Read more
Apple is reportedly laying off 614 workers after cancelling its decade-long effort to build a self-driving electric car in its first round of job cuts since the pandemic. The Cupertino, Calif.-based iPhone maker notified employees of the layoffs on March 28, with changes to take effect on May 27, according to The Wall Stret Journal, … Read more
The worst case scenario has happened—you’ve become part of the layoffs sweeping tech, media, and countless other industries. If your first impulse is to make a public LinkedIn announcement, wait just a minute. Experts say posting your layoff is a delicate dance you’ll want to be strategic about—and you may not even want to post … Read more
POLAND – 2023/09/11: In this photo illustration, IBM logo seen displayed on a smartphone with Artifical Intelligence (AI) symbols in the background. Omar Marques | Lightrocket | Getty Images IBM on Tuesday told employees in its marketing and communications division that it’s slashing the size of its staff, according to a person with knowledge of … Read more
The Google office in New York on February 2, 2023. Ed Jones | Afp | Getty Images Allison Croisant, a data scientist with about a decade of experience in technology, was laid off by PayPal earlier this year, joining the masses of unemployed across her industry. Croisant has one word to describe the process of … Read more
Peter Lancaster in Argentina. Courtesy of Peter Lancaster Forget the “quarter-life crisis.” These days, millennials are turning to the “quarter-life sabbatical.” Amid the waves of mass layoffs, people are choosing to repurpose their unemployment into soul-searching, and many are extending their time away from the cubicle to travel the world. Peter Lancaster, 31, was laid … Read more
Even as the tech industry has taken steps over the past decade to diversify their hiring practices—with a particular emphasis on recruiting and retaining Black and Latino employees—progress has been slow. And amid economic challenges over the past year, many companies have laid off employees tasked with DEI work or quietly pulled back on the … Read more
A virtual town hall meeting to discuss lay-offs at Vice Media was abruptly cut short last week after executives complained about a flood of “thumbs-down” emojis overtaking the screen. Chief content officer Cory Haik was giving an update to the company about recently announced job cuts on Wednesday when angry emoji reactions began to pour … Read more
CNN’s new boss sought to ease anxiety with a Friday memo that named top executives to revamp the struggling network — just days after it was revealed he had slashed bonuses companywide. Mark Thompson — who took CNN’s helm in October following the disastrous, 13-month tenure of former CEO Chris Licht — cited the “changing economics of television” … Read more
