The other side of the AI boom
14 stories · 1–8
LayoffReported link
Microsoft
Microsoft has offered buyouts to about 60,000 employees, according to The New York Times. The offer comes as the company pours billions into artificial intelligence, and the workforce was already on edge.
LayoffReported link
Telegraph, Axel Springer
The Daily Telegraph's clear-out of columnists is described as driven less by politics than by a shift toward AI. The piece argues that journalism will pay the price, and notes that Allison Pearson's exit is also being negotiated.
LayoffFunding shift
NICE
NICE said it will cut about 5% of its global workforce, around 500 people, as profits and margins fall. Ctech reports the company is making the cuts to run more efficiently and to keep spending on AI.
LayoffReported link
Canva
Canva chief executive Melanie Perkins told staff that 1,271 people, 22% of the company, will be laid off, asked to relocate, or moved into different roles. The BBC reports the company's value has fallen over concerns about AI's effect on the business and the cost of building the technology into its products.
LayoffCompany stated
Virgin Media O2
Virgin Media O2 said job cuts will supply £300m of an £800m savings plan, and that the losses could reach 25% of its 16,000 employees. The company told The Guardian it will use more AI in customer service, network planning, and fault management, with most of the losses in roles that do not face customers.
LayoffCompany stated
SUSE
SUSE chief executive Dirk-Peter van Leeuwen told about 1,900 employees that roughly 10% of roles are being cut. In the memo, he said automation and AI are changing how a software company operates, and that some existing roles are no longer needed.
LayoffCompany stated
Barclays
Barclays said in a quarterly report that it is looking to cut 5,000 jobs, about 5% of its workforce. About 60% of those cuts sit in support functions, including developers, and the bank described the effort as simplification and technology change driven by AI.
LayoffReported link
Microsoft
Microsoft said it would cut 4,800 jobs, about 2.1% of its workforce, and overhaul Xbox, including a plan to divest up to five studios. Chief people officer Amy Coleman told employees the eliminated roles are not being replaced by AI, and that AI is still changing how the work gets done.