BMW is reportedly hoping to use AI to increase efficiency as it plans sweeping job cuts. Artificial intelligence (AI) will be a crucial part of the German carmaker’s plans to reduce costs and speed development, The Wall Street Journal (WSJ) reported Wednesday (Sept. 30) from a BMW investor...
Used car retailer CarMax laid off about 4% of its corporate staff, or 145 employees, as part of “running leaner,” the company said in a Monday (Sept. 21) report by Bloomberg. “These changes will help us move faster and create better alignment across teams,” a CarMax spokesperson said in the...
Uber is reportedly cutting roughly 3,300 jobs, or 10% of its total workforce. That’s according to a report Wednesday (Sept. 2) from Bloomberg News, which characterizes the cuts as a “massive restructuring” designed to shrink management and shift spending to Uber’s ride-sharing, delivery and robotaxi...
New Goldman Sachs research suggests industries with greater artificial intelligence (AI) exposure could be rethinking their hiring options. The impact of AI varies according to industry and levels of seniority, the banking giant said in the report “Global Economics Comment: Is AI Impacting Global Labor...
December 03, 2024
Earlier this year, PYMNTS Intelligence found that only a minority of workers surveyed — at 20% — said that it was “very or extremely” likely that they’d switch jobs in the next year. At the same time, we noted that 83% of consumers eyed 2024 with concerns about the economy. Only 38% of consumers said […]
February 13, 2024
The intersection of artificial intelligence (AI) and the future of work is crowded and a bit confusing these days. On one hand, companies like Google and Duolingo have cut staff recently with...
January 12, 2024
From Walmart looking to be a personal shopping concierge to Amazon expanding its Buy with Prime to more platforms and leveraging tech to help consumers manage their healthcare, the two...
March 29, 2023
Tech layoffs are running rampant. With inveterate titans like Meta, Google and Microsoft laying off thousands of workers, many are beginning to wonder whether digital growth and consumers’ appetite for...
October 02, 2026
Nonfarm payroll, employment in all major industries and the unemployment rate “changed little” in September, the Bureau of Labor Statistics (BLS) said Friday (Oct. 2) in its latest employment situation summary. Media reports characterized the numbers as a continuation of the “low hire, low fire” trend in the economy. According to the BLS summary, total nonfarm […]
September 30, 2026
BMW is reportedly hoping to use AI to increase efficiency as it plans sweeping job cuts. Artificial intelligence (AI) will be a crucial part of the German carmaker’s plans to reduce...
September 21, 2026
Used car retailer CarMax laid off about 4% of its corporate staff, or 145 employees, as part of “running leaner,” the company said in a Monday (Sept. 21) report by Bloomberg. “These changes will help...
September 02, 2026
Uber is reportedly cutting roughly 3,300 jobs, or 10% of its total workforce. That’s according to a report Wednesday (Sept. 2) from Bloomberg News, which characterizes the cuts as a...