Tag: layoff

5 things about AI you may have missed today: Google to use public info to train AI, tech layoffs, more
4Jul By adminNo Comments
Technology

5 things about AI you may have missed today: Google to use public info to train AI, tech layoffs, more

[ad_1] After announcing Gemini, a project by DeepMind aiming to surpass artificial intelligence models like ChatGPT yesterday, Google has now updated its privacy policy and is suggesting that it will only be using publicly available data to train its AI models. In other news, there is a growing number of tech layoffs due to the rise of AI which has concerned many researchers who believed tech roles would largely remain safe initially. This and more in today's AI roundup. Let us take a closer look.Google to use publicly available data to train AIA report by Gizmodo has revealed that Google has updated its privacy policy and now suggests that it will use any data that is publicly available (can be read by Google) to train its AI models. “Google uses the information to improve our services...
Read More
Byju’s to layoff 1000 employees amidst reports of a cash crunch
9Jun By adminNo Comments
Technology

Byju’s to layoff 1000 employees amidst reports of a cash crunch

[ad_1] India's largest ed-tech company Byju's is set to fire 1000 people just six months after its mass layoff that included 5000 people being handed the pink slip. According to a report by The Morning Context (via Economic Times), Byju's currently has 280 tuition centers across the country and the marketing managers have been asked to let go of two people each from both sales and marketing. Moreover, around 150 marketing managers are also expected to be let go, the report said. The move to cut expenses by firing people is expected to streamline operations.This news comes after the ed-tech startup sued investment management firm Redwood for its $1.2 billion term loan and refused to pay the $40 million in interest that was due on Monday. The company also said that it would not be making ...
Read More
A 2nd wave of layoffs at Meta; 10,000 jobs are cut
15Mar By adminNo Comments
Technology

A 2nd wave of layoffs at Meta; 10,000 jobs are cut

[ad_1] Facebook parent Meta is slashing 10,000 jobs, about as many as the social media company announced late last year in its first round of cuts, as uncertainly about the global economy hits the technology sector particularly hard. The company announced 11,000 job cuts in November, about 13% of its workforce at the time. In addition to the layoffs, Meta said Tuesday that it would not fill 5,000 open positions. “This will be tough and there's no way around that,” said CEO Mark Zuckerberg. Meta and other tech companies have been hiring aggressively for at least two years and in recent months have begun to let some of those workers go. Hiring in the U.S. is still strong, but layoffs have hit hard in some sectors. Early last month, Meta posted fa...
Read More
Microsoft Cuts Jobs in HoloLens, Surface, Xbox as Layoffs Continue
11Feb By adminNo Comments
Technology

Microsoft Cuts Jobs in HoloLens, Surface, Xbox as Layoffs Continue

[ad_1] Microsoft Corp., implementing the layoff of 10,000 workers announced last month, on Thursday cut jobs in units including Surface devices, HoloLens mixed reality hardware and Xbox, according to people familiar with the matter. Cuts to much of the HoloLens hardware team throw into question whether the company will produce a third iteration of the goggles outside of a planned version for the US Army, said the people, who declined to be named discussing confidential matters. At the Xbox gaming unit, reductions came in marketing and the Xbox Gaming Ecosystem Group, one of the people said. Xbox Chief Phil Spencer emailed employees Thursday to let them know about the cuts without detailing what parts of his business were impacted. “I encourage everyone to take the time and space n...
Read More
Pinterest Cuts About 150 Jobs, Joining Flurry of Tech Layoffs
2Feb By adminNo Comments
Technology

Pinterest Cuts About 150 Jobs, Joining Flurry of Tech Layoffs

[ad_1] Pinterest Inc. is laying off about 150 employees, the latest technology company to cut costs in a turbulent time for an industry that expanded rapidly over the past few years. The digital-search company that lets users create online pinboards informed impacted employees Wednesday. The move affected less than 5% of Pinterest's total workers, according to a person familiar with the company, who asked not to be identified because the details haven't been announced. Pinterest had about 4,000 employees as of the end of the third quarter. The job cuts came from teams across the San Francisco-based company, though not all were affected to the same degree, the person said. A spokeswoman for Pinterest confirmed there were cuts. “We're making organizational changes to further set u...
Read More
Workday Announces Job Cuts Affecting 3% of Global Workforce
31Jan By adminNo Comments
Technology

Workday Announces Job Cuts Affecting 3% of Global Workforce

[ad_1] Workday Inc., a maker of software for business tasks such as human resources, said it was eliminating 3% of its global workforce in response to a “challenging” global economic environment. Workday Inc., a maker of software for business tasks such as human resources, said it was eliminating 3% of its global workforce in response to a “challenging” global economic environment. The company had about 17,000 employees as of July, according to data compiled by Bloomberg. “We have decided to restructure and realign some teams across Workday, leading to the difficult decision to eliminate roles,” the company said in an email to staff, adding that the majority of cuts would be “happening in our Product & Technology organization.” It said employees would be notified by the end...
Read More
Tech Companies Keep Slashing Jobs in Uncertain 2023 Economy
6Jan By adminNo Comments
Technology

Tech Companies Keep Slashing Jobs in Uncertain 2023 Economy

[ad_1] Here’s a running list of the companies planning layoffs. Layoffs that began in 2022 are accelerating across some technology companies. The tech industry is slashing jobs at a pace nearing the early days of the Covid-19 pandemic. In November, the most recent month for which data is available, the sector announced 52,771 cuts, for a total of 80,978 this year, according to consulting firm Challenger, Gray & Christmas Inc. It was the highest monthly total for the industry since the firm started keeping data in 2000. After a bumpy start to the pandemic in 2020, tech companies benefited from a boom in e-commerce spending and remote work boomed, triggering a hiring spree. Now, things look different. In recent earnings reports, Alphabet Inc., Meta Platforms Inc., Microsoft Cor...
Read More
Coinbase Cuts 60 Jobs in Latest ‘Crypto Winter’ Layoff
11Nov By adminNo Comments
Technology

Coinbase Cuts 60 Jobs in Latest ‘Crypto Winter’ Layoff

[ad_1] Coinbase said it was eliminating 60 positions, the latest in a series of job cuts by the exchange as the months-long slump in cryptocurrencies deepens. Coinbase Global Inc. said it was eliminating 60 positions, the latest in a series of job cuts by the exchange as the months-long slump in cryptocurrencies deepens.The largest US digital-asset trading platform plans to reduce its recruiting and institutional onboarding groups, according to a statement Thursday. “Today's actions were surgical. We are just making sure we are not wasting a dollar,” Coinbase's Chief Financial Officer, Alesia Haas, told Bloomberg TV. “If we see that there is going to be further depressed revenue, and if we believe this is going to impact beyond the scenarios we have already planned for, we will have t...
Read More