Amazon reportedly plans to start laying off about 14,000 corporate workers as soon as Tuesday (Jan. 27). These cuts will be part of the second...
Meta reportedly plans to eliminate 10% of the jobs in its Reality Labs unit. That’s according to a report Monday (Jan. 12) by Bloomberg News,...
Citigroup plans to cut 1,000 jobs this week as part of a restructuring plan announced two years ago, Bloomberg reported Monday (Jan. 12), citing unnamed sources. The bank...
The chief executive of America’s biggest bank says consumers continue to show resilience. This is in spite of a cooling job market and ongoing inflation,...
Meta executives are reportedly considering cutting as much as 30% of the budget of the company’s metaverse group amid a shift of resources toward artificial...
Companies are growing increasingly comfortable revealing that artificial intelligence is behind job cuts. Earnings reports, investor presentations and company memos all show executives citing AI...
Sources told The Wall Street Journal (WSJ) that in the name of reducing costs, Verizon Communications plans to cut about 15,000 jobs within the coming...
Artificial intelligence (AI) and cost-reduction caused American employers to cut 153,074 jobs last month. That’s a 175% jump from October of 2024 and 183% higher...