Generative Data Intelligence

Tag: job cuts

AI will reduce workforce, say 41% of execs in a survey

A survey of senior biz executives reveals that 41 percent expect to have a smaller workforce in five years due to the implementation of...

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FTC Takes Aim at M$: Complaints Against Blizzard Merger

The US Federal Trade Commission (FTC) has filed a complaint against Microsoft with the US Court of Appeals, contesting the tech firm’s post-merger actions...

Polygon Labs Cuts 60 Team Members and Spins-Off Two Units – The Defiant

Founder Sandeep Nailwal said move was necessary to take company back to its "underdog" roots.Polygon Labs, which develops an ecosystem of blockchains, today announced...

Twice in Two Months: Jack Dorsey’s Block Conducts Another Round of Layoffs

Block Inc., a fintech company co-founded by former Twitter CEO Jack Dorsey, has laid off some of its employees, making it the second...

X Hunts for Content Moderators After Taylor Swift Chaos

X is head-hunting content moderators to tackle child sexual exploitation and other explicit content after AI-generated X-rated images of Taylor Swift went viral on...

Block’s Big Trim: Dorsey Initiates Cost-Cutting Layoffs

The payments and crypto company Block, led by the CEO, Jack Dorsey, has started laying off employees this week as part of a cost-cutting plan announced...

Tech Industry Job Cuts as Firms Replace Workers with AI

Some employees are already feeling the effects of the significant investments made by tech companies in artificial intelligence. Several tech companies are making drastic changes...

Microsoft valuation reaches new heights amid AI hype

Microsoft has crossed the $3 trillion valuation threshold thanks in no small part to investors buying into the company's AI vision. The only other business...

Saudi Arabia Pours $590m into VR Headsets

Saudi Arabia, through its Public Investment Fund, has injected $590 million into virtual reality (VR) headsets, putting pressure on Apple’s Vision Pro. The investment was...

Google Eliminates a Thousand Jobs in Hardware Teams

Google is reportedly letting go of hundreds of employees as the company implements cost containment measures as well as focuses on AI development. A...

GPT Apple’s Data Operations Annotations Team Relocation

Apple Inc. has announced the closure of its San Diego-based Data Operations Annotations team, responsible for the enhancement of Siri's capabilities. This team, comprising...

Duolingo Lays Off Contractors and Turns to AI

Language learning software maker Duolingo has laid off 10% of its contractors as the company turns to AI translators. The company explained they will rely...

Only 700 new IT jobs were created in the US in 2023

A mere 700 IT jobs were added in the US last year compared to 267,000 the year prior, it's claimed. It'd be easy to...

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