CEO fires 90% of his company for missing a meeting, many were unpaid workers
He stands by his decision
Coding boot camps fight for relevance in the era of generative AI and a shrinking job market
Was Jensen Huang right?
A hot potato: Tech leaders such as Tim Cook spent years telling people that if they wanted a lucrative career in the industry, they needed to learn to code. But the advent of generative AI now means that coding isn't the guarantee of a good job that it once was. The number of active job postings for software developers has dropped 56%, and the number of placements on coding boot camp courses is dwindling.
23andMe to lay off 40% of staff in desperate restructuring effort
The company expects to save $35 million per year after these cuts
Intel reverses course (but not about CPUs), brings back free tea and coffee to boost employee morale
No free fruit or gym trainers, but all the coffee your heart can take
Mozilla is laying off 30% of staff, still laser focused on its broader targets
Rock Bottom: Mozilla recently embarked on a significant workforce restructuring effort, laying off 30 percent of its employees in the process. The Firefox maker hopes the changes will allow them to become more agile in order to better navigate the challenging technology landscape.
Dropbox lays off another 500+ employees as demand softens
The tech industry has seen 142,500 layoffs this year so far
More tech industry layoffs: Intel cuts over 2,000 US jobs, Meta downsizes across multiple units
Intel Oregon is the hardest hit, with layoffs also affecting offices in Texas, Arizona, and California
Experiment shows AI can perform a CEO's job better than humans, but it struggles in a crisis
A hot potato: Most CEOs love generative AI, lauding its ability to streamline companies and make them more efficient – a process that usually involves laying off workers. But wouldn't it be ironic if the chief executives found themselves out of a job, replaced by a machine? A new study suggests AI can perform a CEO role better than a human, but there are scenarios where it struggles, meaning it's more likely to get fired more quickly.
Tech job seekers face hard times as industry resets
More than 137,500 tech workers have lost their jobs this year
Ricoh lays off 2,000 employees due to shrinking demand for office printers
Reforming the business to adapt to a digital only, paperless future
Dell will continue to reduce its workforce amid push to focus on AI
Despite strong quarterly performance
Microsoft-Activision buyout forces loss of another 650 gaming division jobs
Xbox has cut almost 12 percent of its workforce this year alone
Former PlayStation president says video game layoffs aren't due to corporate greed, tells those impacted to "get over it"
He suggests going to the beach for a year or driving an Uber
Rocksteady cuts jobs following Suicide Squad: Kill the Justice League's disappointing sales
More than half the QA team has gone
Sonos struggles with layoffs, delays after disastrous app redesign
Any successes by the company have been overshadowed by the disastrous redesign
Cisco is cutting over 4,000 jobs for the second time this year
Total tech industry layoffs in 2024 so far have reached 130,482
Dell cuts thousands of jobs as part of AI-focused restructuring
Most of the cuts appear to impact sales teams
Bungie CEO faces backlash after announcing 220 employees will be laid off
Pete Parsons has spent $2.4 million on classic cars since Sony acquired Bungie
Intel to eliminate thousands of jobs in cost-cutting move
Rivals have been outshining Intel in recent years
Activision Blizzard has started using AI to pick up the slack left by laid-off artists
Don't worry about it; we won't replace you with AI Activision allegedly promised staff
Company cuts costs by replacing 60-strong writing team with AI
"I contributed to a lot of the garbage that's filling the internet and destroying it"
A hot potato: CEOs, bosses, and the those who make the technology love to assure people that artificial intelligence isn't going to replace everyone's jobs; it will merely augment them – working alongside humans to make life easier. Yet we keep hearing stories like the one about a writer whose employer fired his 60-person team and replaced them with an AI.
Anthropic CEO says a universal basic income isn't enough to address AI job losses
"If the technology goes fast, we'll have to figure it out fast"
Embracer unveils its "human-centric" AI-powered game development ambitions
The company has laid off 1,500 people over the last year
EA paid executives $60 million in the same fiscal year it laid off 670 people
CEO Andrew Wilson got the majority of it