15 links
tagged with all of: layoffs + ai
Click any tag below to further narrow down your results
Links
Microsoft is set to lay off several thousand employees, primarily in its sales department, as part of a restructuring aimed at optimizing its workforce while advancing its costly artificial intelligence initiatives. This move follows a previous reduction of 10,000 jobs in January 2023 and comes just before the start of the company's new fiscal year in July.
Tech executives are making bold predictions about AI replacing developers, but this could backfire as the quality of AI-generated code relies on human-created content. Companies that invest in augmenting their developers with AI tools are likely to outperform those that opt for workforce reductions, as the latter risks losing vital talent and innovation. The future of software development may hinge on how organizations balance AI utilization with human contributions.
Meta is laying off approximately 600 employees from its artificial intelligence unit to streamline operations and reduce redundancy. The cuts primarily affect the AI infrastructure and research teams, while key personnel in the new Superintelligence Labs remain unaffected. CEO Mark Zuckerberg's dissatisfaction with AI progress and the recent lukewarm response to the Llama 4 models have prompted these measures as the company intensifies its AI investments amid competition from rivals like OpenAI and Google.
SoftBank Group plans to lay off nearly 20% of its Vision Fund employees as part of a strategic shift towards artificial intelligence investments. This move, driven by founder Masayoshi Son's vision for high-risk, high-reward projects, follows a strong quarterly performance for the fund, supported by gains in public holdings.
Google has offered buyouts to employees in various divisions, including its knowledge and information unit, as part of a strategy to reduce headcount following previous layoffs. The voluntary exit program encourages those not aligned with the company's goals or struggling in their roles to consider leaving, while also mandating a return to office for some remote workers. This shift towards buyouts comes amid ongoing cost-cutting measures as Google invests in AI infrastructure.
Meta Platforms is cutting approximately 600 jobs from its AI division, impacting teams involved in AI products and research. However, the new TBD Lab unit, which focuses on high-profile AI projects, will not be affected by these layoffs, and the company aims to continue hiring AI talent.
Intel's CEO has stated that the company has fallen behind in the competitive AI landscape, claiming it is too late for Intel to catch up. Additionally, Intel has dropped out of the top 10 semiconductor companies as it faces significant layoffs globally.
Meta is facing scrutiny over its AI research following recent layoffs, raising concerns about the company's commitment to developing ethical superintelligence. The article discusses the implications of these changes on the future of AI and the challenges Meta faces in maintaining its position in the competitive tech landscape.
Companies are increasingly laying off employees while implementing AI technologies, but many are reluctant to explicitly connect job cuts to AI advancements, opting instead for vague terms like "restructuring." Experts suggest that this trend reflects a strategic avoidance of backlash from employees and the public, even as AI's role in workforce changes becomes more apparent. The article highlights that while AI can automate many tasks, the need for human expertise remains crucial in various roles.
Digital-native publishers like Business Insider are facing significant challenges due to the rise of AI, which threatens their traditional traffic-dependent business model. CEO Barbara Peng announced a strategic shift towards AI integration, emphasizing a need to reduce reliance on web traffic while exploring new revenue streams like subscriptions and live events. However, the transition is seen as reactive rather than proactive, highlighting the vulnerabilities of such publishers in the evolving media landscape.
Amazon is set to lay off up to 30,000 corporate employees, representing about 10% of its corporate workforce, as part of a cost-cutting strategy amid rising efficiency from AI and a restructuring effort by CEO Andy Jassy. This move follows previous layoffs and comes as the company prepares for a busy holiday season, planning to hire 250,000 seasonal workers. The layoffs may also reflect the company's response to pressures from financial goals and the ongoing demand for automation.
Amazon announced layoffs affecting 14,000 corporate workers, with plans to ultimately cut up to 30,000 jobs, or about 10% of its workforce. These reductions are part of a broader strategy to reduce expenses as the company faces increased competition in the cloud computing sector and ramps up spending on AI.
Amazon is set to reduce its corporate workforce by up to 30,000 positions, beginning next week, as part of an effort to cut costs after overhiring during the pandemic's peak demand. This move represents nearly 10% of its corporate employees and is the largest reduction since late 2022. CEO Andy Jassy aims to streamline operations and increase the use of AI within the company.
The article from DeadStack summarizes the latest technology news, including significant developments such as a $1 billion partnership between the U.S. Department of Energy, AMD, and HPE for AI supercomputers, Amazon's plans for major layoffs affecting tens of thousands of corporate workers, and a breakthrough in pixel technology achieving a size of just 300 nanometers. Other highlights include updates on software grants and new product launches from major tech companies.
Many American companies are choosing to maintain or reduce their workforce sizes while still growing profits, relying on artificial intelligence to automate processes. Firms like JPMorgan Chase emphasize a reluctance to hire despite operational needs, reflecting a broader trend of cost-cutting in an uncertain economic climate.