BBC report on gaming industry trends.) Rising interest rates have made access to capital more expensive, impacting venture funding for startups and making it harder for established companies to justify aggressive expansion. Economic uncertainties, including inflation and fears of recession in various global markets, lead to a more conservative approach from investors and executives. When…
AI has become the most common reason US employers give for cutting jobs. For New Zealand businesses under pressure to improve productivity and reduce costs, that may be a real issue. American employers linked nearly 40% of announced layoffs in May to artificial intelligence, marking the third straight month AI topped the list of explanations…
The latest wave of tech layoffs looks very different from the massive workforce cuts that hit Silicon Valley during 2022 and 2023. Earlier layoffs were largely driven by pandemic overhiring, slowing ad markets and fears of an economic downturn. But in 2025, many companies are restructuring for a different reason: artificial intelligence. Instead of broad-based…
Meta Platforms is reassigning around 7,000 employees into new artificial intelligence-focused roles as part of a broader restructuring effort tied to the company’s growing AI ambitions, according to an internal memo reviewed by Bloomberg. The restructuring comes ahead of planned layoffs later this week, with the company previously informing employees that it would cut about…
Goldman Sachs will unleash a wave of generative AI “robots” to automate its famed “human assembly line,” but the tech won’t spark mass layoffs, the bank’s President and Chief Operating Officer John Waldron said Tuesday. Goldman plans to deploy digital agents across the firm to slash costs and supercharge productivity in a move that could…
FILE – Lava lamps are seen through a lobby window at the headquarters of Cloudflare in San Francisco, on Aug. 31, 2022. (AP Photo/Eric Risberg, File)NEW DELHI: The US-based cloud and content delivery network (CDN) firm Cloudflare is cutting 1,100 jobs globally, as it ingrains agentic artificial intelligence (AI) deeply in several business functions to…
El Paso workers are getting a crash course in what the rise of automation and generative AI really looks like on the ground: fewer contact-center gigs, thinner retail schedules, and a lot more chatbots and kiosks doing the talking. While local employees watch coworkers get reassigned or let go, the same technology that is reshaping…
The closer you are to AI’s orbit, the more you see its benefits — and potential threats. Such is the paradox found in a new Anthropic study of 81,000 Claude users. Those seeing the biggest productivity gains are also the most concerned about job displacement, especially in roles highly exposed to AI and among early-career…
Meta is planning sweeping lay-offs that could affect 20 per cent or more of the company, three sources told Reuters. The reported move comes as the Facebook and Instagram parent seeks to offset costly artificial intelligence (AI) infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers. No date has been set for…
Meta eyes major layoffs as AI spending drive prompts restructuring Meta has reportedly planned a major workforce reduction that could affect 20% or more of its roughly 79,000 employees. This significant move would result in over 15,000 job losses- the largest in the company’s history. The company seeks to offset costly artificial intelligence infrastructure bets…
