Tag: Layoffs

Microsoft, eBay, PayPal among tech giants 34,000 job cuts due to AI

Tech giants like Microsoft, eBay, and PayPal are swinging the axe as they pivot towards artificial intelligence, shedding thousands of jobs. The Financial Times reports a staggering 34,000 job cuts in recent weeks.   Snapchat joined 138 other firms in a synchronized employment exodus. While this year’s headcount hemorrhage is nothing to sneeze at, it […]

Grammarly lays off 230 employees as part of a ‘business restructuring’

Grammarly, the safeguard of grammatical gaffes, is making bold moves by trimming its workforce globally. Positioned as a pivot towards the AI-driven future workplace, Grammarly hopes to position itself strategically amidst industry flux and global quakes. CEO Roy-Chowdhury claimed the layoffs are a skillset shuffle, not a penny-pinching parade, reassuring a financially fit stance.

Tech Layoffs Not Tied to Economic Struggles, but AI Investments

Tech layoffs are a strategic move by companies to realign priorities and invest in AI, rather than a sign of economic struggles.   Despite recent layoffs, tech stocks are at all-time highs and the unemployment rate remains low, reflecting investor confidence in these strategic moves.   Investments in AI are central to the tech industry’s […]

As Google Pivots to AI, CEO Warns He Will Fire Even More Staff

Google CEO Sundar Pichai announced more layoffs as the company continues its pivot towards AI. The layoffs affect various departments, including advertising, customer sales, Google Assistant, Fitbit, and hardware verticals. The company aims to simplify execution and drive velocity by removing layers. This move follows Google’s tumultuous 2023 and swift pivot to AI in response […]

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