Robots replace humans: Amazon, Meta, TCS, Microsoft announce massive layoffs as AI takes over
The companies that built themselves on human power are now building themselves on intelligent machines. What that means for the workforce is profound.
The companies that built themselves on human power are now building themselves on intelligent machines. What that means for the workforce is profound.
This latest round is reportedly one of the largest in the past ten months, as Disney continues to trim its workforce in a bid to cut costs and streamline its business.
Grindr, the popular queer dating app, has undergone a significant staff reduction, with nearly half of its workforce departing following…
The court order was secured by Sinead McSweeney, who is Twitter's global vice president for public policy, reports The Irish Times. "She claims that by not responding to a generic and vague email sent to all Twitter employees by its owner, multibillionaire Musk, earlier this month, she has been treated as if she is no longer employed by the company," the report said.
According to data from layoffs.fyi, a crowdsourced database of tech layoffs, 1,388 tech companies have fired a total of 233,483 employees since the onset of Covid-19, but 2022 has been the worst for the tech sector.
The sob stories of those who lost jobs at Meta are now out on social media and several from India, impacted in the mega layoffs that included 11,000 employees worldwide, are now asking for jobs on the professional networking platform LinkedIn.
Amid the layoff season, tech major TCS on Thursday announced plans to create 1,200 new jobs in the US by the end of 2024. The Indian company will create these jobs in the state of Illinois, along with accelerating its STEM outreach efforts in local schools to cover 25 per cent more students and teachers.
Astra, a rocket startup based in the US that went public last year, has fired 16 per cent of its staff as part of a wider strategy to increase the shrinking financial runway and decrease expenses.
In one of the worst lay-offs ever in the tech industry, Meta Founder and CEO Mark Zuckerberg on Wednesday sacked more than 11,000 employees -- about 13 per cent of the global workforce.
Protocol first reported that Salesforce was preparing for a major round of layoffs that could affect as many as 2,500 employees.
