Layoffs

Amazon, Citigroup, Xerox, Google and BlackRock See Layoffs in Efficiency Push
Amazon, Citigroup, Xerox, Google and BlackRock See Layoffs in Efficiency Push
January 12, 2024  |  Economy

In the first two weeks of the new year, several prominent companies, including Amazon, Citigroup, Xerox, Google and BlackRock, have announced plans to cut jobs,...

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Walmart Aims to Be an AI Concierge as Amazon Expands Buy With Prime
Walmart Aims to Be an AI Concierge as Amazon Expands Buy With Prime
January 12, 2024  |  Retail

From Walmart looking to be a personal shopping concierge to Amazon expanding its Buy with Prime to more platforms and leveraging tech to help consumers...

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Google Slashes Hundreds of Jobs as Companies Prioritize AI
Google Slashes Hundreds of Jobs as Companies Prioritize AI
January 11, 2024  |  Google

Google is reportedly laying off hundreds of workers in its ongoing cost-cutting campaign. The tech giant plans to cut positions in its voice assistant business,...

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Amazon Cutting Hundreds of Jobs in Prime Video and Studios
Amazon Cutting Hundreds of Jobs in Prime Video and Studios
January 10, 2024  |  Amazon

Amazon is laying off hundreds of employees across its Prime Video and Amazon MGM Studios organization. The cuts follow the organization’s year-long review of every...

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Rent the Runway Cuts 10% of Corporate Staff 
Rent the Runway Cuts 10% of Corporate Staff 
January 09, 2024  |  Retail

With subscriber growth slowing, fashion rental firm Rent the Runway has begun cutting staff. The company plans to let go of about 10% of its corporate employees, it...

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Barclays’ 2023 Layoffs Reached 5,000 as Banks Cut Back
Barclays’ 2023 Layoffs Reached 5,000 as Banks Cut Back
January 08, 2024  |  Banking

Barclays reportedly laid off about 5,000 workers in 2023 as part of a cost-cutting campaign. A spokesperson for the British bank told Reuters Monday (Jan. 8)...

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Paytm Reports ‘Slight Reduction’ in Workforce After Implementing AI
Paytm Reports ‘Slight Reduction’ in Workforce After Implementing AI
December 27, 2023  |  Business

FinTech firm Paytm has reportedly confirmed a “slight reduction” in its workforce while denying media reports that it could cut more than 1,000 roles. The...

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Banks Slash 60K Jobs as Dealmaking and IPOs Decline
Banks Slash 60K Jobs as Dealmaking and IPOs Decline
December 26, 2023  |  Banking

The world’s biggest banks reportedly slashed more than 60,000 jobs in 2023. It was a year in which investment banks suffered their second year in a...

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AI Can Replace ‘Work About Work’ Tasks, Business Survey Says
AI Can Replace ‘Work About Work’ Tasks, Business Survey Says
December 17, 2023  |  artificial intelligence

This year has seen a lot of sweeping predictions about AI’s impact on work. For example, Elon Musk has said that advances in artificial intelligence...

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