technology-layoffs
3 stories related to this topic, newest first.
citizen.co.zaIntuit to Cut 3,000 Jobs While Shifting Focus to Artificial Intelligence
Intuit plans to reduce its global workforce by about 17 percent as part of a restructuring that increases investment in artificial intelligence. The company, known for TurboTax and QuickBooks, announced the changes in an internal memo.
CnbcNational Economic Council Director Says AI Not Costing Jobs Now
National Economic Council Director Kevin Hassett said there is no sign in the data that artificial intelligence is costing anyone their job at present. His comments were made as several technology companies including Amazon, Meta and Oracle have announced job cuts with some citin…
ibtimes.co.ukOracle Announces Layoffs Amid AI Investment Pressures in Tech Sector
Oracle has initiated layoffs affecting several hundred employees as part of cost-cutting measures tied to increased spending on artificial intelligence. The move reflects broader trends in the technology industry where companies are reallocating resources to AI development. This…