Goldman Sachs has increased its estimate of the share of U.S. jobs that could be displaced by generative artificial intelligence (AI) from the previous 6-7%...
Oracle reduced its workforce by 21,000, or about 13%, during the year ended May 31. The company now has 141,000 full-time employees, according to its...
Financial platform Robinhood Markets says it is laying off 10% of its staff. The job cuts are part of the company’s “efforts to maintain a...
Recent comments from banking CEOs about artificial intelligence-related layoffs have reportedly left industry workers uneasy. That’s according to a report Sunday (June 7) from Bloomberg...
Uber is reportedly cutting 23% of its “People” division, continuing a string of tech layoffs. In a memo to employees viewed by CNBC Wednesday (June 3), Uber CEO Dara...
OpenAI’s non-profit arm is committing at least $250 million to help workers disrupted by AI. This effort from the OpenAI Foundation will cover grants, partnerships and...
Groupon plans to eliminate 400 positions globally as it rebuilds itself as an artificial intelligence (AI)-native company. The positions eliminated as part of the firm’s...
Visa-backed digital lending startup Branch International is reportedly cutting staff at its Kenyan and Nigerian offices. That’s according to a report Friday (May 22) from...
Intuit Inc. is reducing its global headcount by approximately 17% as it moves to streamline operations and accelerate its investment in artificial intelligence, according to...