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Items tagged with: Layoffs

LA Times: ‘Brutal’: A growing tribe of jobless techies is lost in Silicon Valley’s new reality

"...Battered by years of mass layoffs, California tech workers were hoping the job market would rebound this year. But things are getting worse.

Now, many are redrawing their career paths.

Artificial intelligence has triggered fierce competition for top talent and is also fueling tens of thousands of layoffs this year. The class divide is widening in Silicon Valley as a tiny group of employees is landing unprecedented packages for AI skills, while many others struggle to find work. ..."

(paywall)
latimes.com/business/story/202…

#ai #layoffs #economy #jobs

‘Brutal’: A growing tribe of jobless techies is lost in Silicon Valley's new reality

Tech giants such as Meta and Coinbase continue to lay off employees, citing the way AI is reshaping how people work. Tech workers are navigating a crossroads in their careers and a brutal job market.
Queenie Wong (Los Angeles Times)
#ai #Economy #jobs #layoffs

#socialmedia #tech #meta #labor #layoffs

"Intuit is reportedly cutting about 3,000 jobs, or 17% of its workforce, as it restructures around AI and simplifies its corporate organization. TechCrunch reports: "

slashdot.org/story/26/05/20/20…

#intuit #layoffs #jobs #employment #ai #economy

Intuit To Lay Off Over 3,000 Employees To Refocus On AI - Slashdot

Intuit is reportedly cutting about 3,000 jobs, or 17% of its workforce, as it restructures around AI and simplifies its corporate organization. TechCrunch reports: The layoffs come during a bad year for the tech workforce.
slashdot.org
#ai #Economy #employment #jobs #layoffs #intuit

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Wired:

Meta’s New Reality: Record High Profits. Record Low Morale

BY PARESH DAVE, LAUREN GOODE, STEVEN LEVY, AND ZOË SCHIFFER | 7-MINUTE READ

Next week, Meta is cutting about 10 percent of its staff. WIRED spoke with more than a dozen current and former employees about what it's like inside a company where "everyone is unhappy."

"... “Everyone is unhappy; the only people who are not unhappy are, literally, executives,” says an employee who works on Instagram...."

wired.com/story/meta-layoffs-b…

#meta #ai #layoffs

Meta’s New Reality: Record High Profits. Record Low Morale

Next week, Meta is cutting about 10 percent of its staff. WIRED spoke with more than a dozen current and former employees about what it's like inside a company where “everyone is unhappy.”
Paresh Dave (WIRED)
#ai #meta #layoffs

#tech #labor #layoffs #cisco #revenue

#socialmedia #tech #microsoft #linkedin #labor #layoffs

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LinkedIn: The only post where CEOs wax philosophical while everyone else posts about losing their jobs.

Metroid Dread developer MercurySteam announces layoffs - Engadget

engadget.com/2171294/metroid-d…

#MetroidDread #MercurySteam #Labor #Layoffs #Gaming

Metroid Dread developer MercurySteam announces layoffs - Engadget

The Spanish studio’s newest title is due to be released on Steam later this week.
Anna Washenko (Engadget)
#gaming #labor #layoffs #metroiddread #mercurysteam

#technology #ai #meta #artificialintelligence #layoffs

Key words in this sentence? “Have said”.
“Meta & Microsoft have said they're shedding staff explicitly to free up cash flow to invest in AI”🤥
Now fast becoming a fashionable excuse for need to cut staff because line went down. 😐
So sorry for all the people who believed in the good things & values. Hope you all get better work with better employers. 🙏🏻

#Meta #Microslop #downsizing #layoffs #AIAsAnExcuse #US

#meta #microslop #us #downsizing #layoffs #aiasanexcuse

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