job-losses
8 stories related to this topic, newest first.
yna.co.krCanadian Telecom Unions Present AI Concerns to Parliamentary Committee
Telecommunications workers in Canada are pushing for restrictions on artificial intelligence, citing its role in monitoring employees and disguising accents of offshore agents. The Canadian Telecommunications Workers Alliance raised these concerns before a parliamentary committee…
Matthew Groh / Wikimedia (CC BY-SA 4.0)Spirit Airlines Shuts Down After Failed JetBlue Merger, Cutting 17,000 Jobs
Spirit Airlines has announced it is shutting down, leading to the loss of 17,000 jobs. The move follows the Biden administration's blocking of a proposed acquisition by JetBlue in 2024. The airline had faced ongoing struggles, including two bankruptcies.
Matthew Groh / Wikimedia (CC BY-SA 4.0)Spirit Airlines Shuts Down After Failed Merger, Fuel Price Surge
Spirit Airlines ceased operations on Saturday, resulting in thousands of job losses, following the Biden administration's Justice Department blocking its proposed merger with JetBlue. A former Biden advisor questioned the merger rejection's role in the shutdown, while a Democrati…
Al JazeeraIran Essential Prices Surge from War, Sanctions
Prices for food, medicine, cars and other goods are surging in Iran amid the ongoing war with the United States and Israel. The national currency hit a record low, jobs are disappearing, and global energy markets are disrupted by the conflict. Supreme Leader Mojtaba Khamenei urge…
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)Iran Reports 50% Inflation, 2 Million Job Losses After US Strait of Hormuz Blockade
Iran's official annual inflation has reached 50% following a ceasefire, with the rial at a record low and widespread job losses. The US naval blockade continues to halt oil exports and imports. Reconstruction costs near $270 billion as the economy faces severe strain.
news.sky.comClaire's Closes 154 UK and Ireland Stores, Cuts 1,300 Jobs
Accessories retailer Claire's has shut down all its standalone stores in the UK and Ireland following financial difficulties, resulting in over 1,300 redundancies. Concession outlets and European operations remain open amid competition from online and physical rivals.
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)Super PACs Raise $190 Million for AI Policy in Midterms
Americans express bipartisan worries over AI's economic and safety impacts, with polls showing majority support for regulation and slower development. Super PACs backed by tech leaders have amassed significant funds to shape AI policy in the midterms. Local opposition has stalled…
Substrate placeholder — needs review · Wikimedia Commons (CC BY-SA 3.0)US Technology Sector Employment Declines by 43,000 Jobs Over Past Year
The US technology sector has experienced a net loss of 43,000 jobs in the last year, marking the largest year-over-year drop since early 2024. This decline surpasses job losses during the 2020 pandemic and the 2008 financial crisis periods. Technology employment has been decreasi…