#Jobcut

SquaredTech

@squaredtech.bsky.social

1 week ago

Oracle Job Cuts In 2026 Reflect Rising AI Infrastructure Costs Oracle job cuts highlight the financial pressure from AI data center expansion as the company invests heavily to support OpenAI and other cloud customers.

Oracle Job Cuts Reflect Rising AI Infrastructure Costs
#Oracle #AI #CloudComputing #JobCut #OpenAI #TechNews
www.squaredtech.co/oracle-job-c...

International Business Times

@ibtimes.bsky.social

2 months ago

Compliance teams, risk managers, and back-office staff face deepest cuts as lenders aim for 30% efficiency gains through AI
#MorganStanley #jobcut #ai

Read More: www.ibtimes.co.uk/your-banking...

Vinetur Global

@vineturglobal.bsky.social

6 months ago

RNDC to cut 1,756 jobs as it exits California wine and spirits market Major distributors gain new clients while wineries seek partners amid industry shakeup following RNDC’s withdrawal from the state

FYI: RNDC to cut 1,756 jobs as it exits California wine and spirits market #RNDC #JobCut #CaliforniaWine #SpiritsMarket #WineIndustry

Pure Tech

@puretech.news

7 months ago

Atlassian Terminates 150 Staff With Pre-Recorded Video Atlassian laid off 150 employees via a pre-recorded video.

Atlassian Terminates 150 Staff With Pre-Recorded Video #Technology #Business #Other #Atlassian #JobCut #TechNews

Profit Trading USA

@profittradingusa.bsky.social

7 months ago

Australia’s WiseTech to cut some jobs in AI-driven efficiency push (Reuters) -Australia’s WiseTech Global confirmed on Wednesday it was cutting some roles as part of a workforce review to focus on "maximizing efficiency via automation and use of artificial intelligence". The software firm did not specify the number of jobs to be impacted in an emailed response to a Reuters query. The Australian Financial Review reported earlier in the day that the Sydney-headquartered logistics software provider has told employees it is increasing the use of AI across the business as part of a broad restructure, citing an email from WiseTech’s chief of staff, Zubin Appoo. WiseTech, known for its flagship CargoWise platform, has a team of around 3,500 people across 38 countries, as of June 30, 2024, according to its 2024 annual report. A spokesperson said the firm is "supporting all impacted team members through this transition, including access to professional outplacement services." Earlier this month, Microsoft (NASDAQ:MSFT) announced plans to lay off nearly 4% of its workforce, while big tech peers including Amazon (NASDAQ:AMZN), Facebook (NASDAQ:META) parent Meta and Alphabet (NASDAQ:GOOGL)’s Google have all trimmed their labour forces in recent years. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is MSFT one of them?

Click Subscribe #Australia #WiseTech #AI #Automation #JobCut

Profit Trading USA

@profittradingusa.bsky.social

10 months ago

Microsoft to lay off 3% of workforce, CNBC reports (Reuters) -Microsoft is laying off 3% of its workforce, or roughly 7,000 employees, CNBC reported on Tuesday, as the technology giant looks to rein in costs while funneling billions of dollars into its ambitious bet on artificial intelligence. The cuts will be across all levels and geographies, and are likely the largest since Microsoft (NASDAQ:MSFT) laid off 10,000 employees in 2023, according to the report, which cited a company statement. The company let a small number of employees go in January over performance-related issues, but the latest cuts are not related to that and are focused on trimming management layers, the report said. Microsoft did not immediately respond to a Reuters request for comment. The company’s stock was slightly lower in morning trading. As artificial intelligence emerges as a major growth engine, Big Tech has been pouring money into the space while slashing costs elsewhere to safeguard profit margins. Rival Google (NASDAQ:GOOGL) has also laid off hundreds of employees in the past year, as it looks to control costs and prioritize AI, media reports have said. Microsoft’s reported move comes weeks after the company posted stronger-than-expected growth in its cloud-computing business Azure and blowout results in the latest quarter, calming investor worries in an uncertain economy. The company had a total of 228,000 workers, with 126,000 employees in the United States at the end of June last year, according to its annual filing with the U.S. SEC. Should you invest $2,000 in MSFT right now? Before you buy stock in MSFT, consider this: ProPicks AI are 6 easy-to-follow model portfolios created by Investing.com for building wealth by identifying winning stocks and letting them run. Over 150,000 paying members trust ProPicks to find new stocks to buy – driven by AI. The ProPicks AI algorithm has just identified the best stocks for investors to buy now. The stocks that made the cut could produce enormous returns in the coming years. Is MSFT one of them?

Click Subscribe #Microsoft #Layoffs #Workforce #JobCut #BusinessNews

Susan Garren Photography https://susan-garren.pixels.com

@nb01.bsky.social

10 months ago

#TrumpTariffs #ConvictedFelonTrump
#TrumpCrimesOnUSA
#RobbingAmericans
#FAA #Fema #Food #StockMarket #Inflation #InsiderTrading #DOGEStealing #JobCut
"Just Got Our First Bill": Americans Are Sharing How They're Already Seeing Trump's Tariffs Affect Their Lives - BuzzFeed
apple.news/AuXDy6aCUR5u...

ClustZ

@clustz.com

11 months ago

Tech layoffs: Google, Microsoft, Meta among companies leading 2025 layoffs Tech giants are pressing ahead with job cuts in early 2025, with thousands of roles impacted globally. Companies like Google, Microsoft, Meta, and TikTok are restructuring to cut costs and refocus on ...

Tech layoffs: Google, Microsoft, Meta among companies leading 2025 layoffs - economictimes.indiatimes.com/tech/technol... via clustz.com

#jobcut #joblosses #google #microsoft #meta #techlayoff #recession #layoff #layoffs2025

WhatJobs

@whatjobs.bsky.social

11 months ago

Morgan Stanley to Cut 2,000 Jobs in Latest Wall Street Layoffs Sources familiar said the cuts are affecting 2% to 3% of the Morgan Stanley workforce, will exclude financial advisers.

Morgan Stanley to Cut 2,000 Jobs in Latest Wall Street Layoffs!

#MorganStanley #Recession #Layoff #JobCut #WhatJobs

Profit Trading USA

@profittradingusa.bsky.social

11 months ago

Click Subscribe #SmallBusiness #JobCut #WorkforceReduction #Economy #SBA

Indiaweekly

@indiaweekly.bsky.social

1 year ago

Google has cut 10 per cent of top-level jobs to increase efficiency: Sundar Pichai - Indiaweekly GOOGLE CEO Sundar Pichai has said that it has slashed 10 per cent of its top management roles as part of its ongoing push to increase efficiency amid competition from AI-based rivals like OpenAI and o...

Google Announces Job Cuts Amid Efficiency Drive: Sundar Pichai Speaks Out
This was originally posted on India Weekly. Read the detailed report here:
www.indiaweekly.biz/google-job-c...

#Google #SundarPichai #EfficiencyDrive #Jobcut
#GoogleEmployees #10PercentCut

Slowest News

@slowestnews.bsky.social

1 year ago

#news #indianews #slowestnews #newsupdates #newsalert #newindia #newstoday #newsreporter #trendingnews #viralnews #worldnews #india #hindinews #newsinhindi #hindi_news #tesla #jobcuts #jobcut #layoff #elonmusk #musk #workforce #california #texas #ev #electricvehicle