layoffs
02/23/2024
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By Laura Harris
Google faces backlash over MASS LAYOFFS in January despite company’s financial success
Tech giant Google has once again come under fire after conducting another round of mass layoffs in January to streamline operations and allocate more resources to artificial intelligence (AI). The job cuts, which affected a thousand employees, included hundreds of workers in the voice assistant sector, hardware teams responsible for Pixel, Nest and Fitbit products, augmented reality, engineering […]
10/05/2023
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By Laura Harris
Tech firms developing and deploying AI that can deceptively MIMIC HUMAN BEHAVIOR
Technology companies are now developing and deploying artificial intelligence (AI) systems that deceptively mimic human behavior for a number of tasks. According to a report by the nonprofit consumer organization Public Citizen, such tasks include aggressively marketing products and services; dispensing dubious medical and mental health advice; and potentially ensnaring users in toxic relationships with […]
05/04/2023
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By Ethan Huff
IBM to replace 8,000 workers with AI automation; no more new hires for roles that can be filled by AI
Last month, Goldman Sachs predicted that the growth and expansion of artificial intelligence (AI) will eventually lead to about 300 million layoffs among highly-paid, non-menial workers both in the United States and Europe. And IBM is already leading the way into this new robot economy by announcing plans to lay off nearly 8,000 higher-paid workers, […]
04/06/2023
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By Ethan Huff
Walmart converting 65% of its stores to “automation” – human employees will be let go
At its annual investor meeting in Tampa, retail giant Walmart announced that over the next three years, it plans to convert 65 percent of its stores to a model of “automation.” In addition to laying off about 2,000 factory workers in the shorter term, the $388 billion multi-national corporation is eager to trim many more […]
02/03/2023
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By Belle Carter
PayPal to lay off 2,000 employees as part of a larger effort to reduce spending
Payment firm PayPal Holdings Inc. is set to cut seven percent of its workforce, or about 2,000 employees. “While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do,” the firm’s CEO Dan Schulman said in a statement. The company’s […]
05/19/2021
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By Virgilio Marin
Chip shortage cripples car production amid high demand
The global computer chip shortage has stalled vehicle production in dozens of factories across the U.S., driving up car prices amid high demand and causing temporary layoffs. Research firm Autoforecast Solutions estimated that automakers cut the production of more than 1.2 million vehicles in North America because they couldn’t get enough microchips used for essential car components, such as safety […]
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