Tag: layoffs
Spirit Airlines says it will furlough 270 pilots and demote 140 captains to first officers as it looks to shore up finances
Spirit Airlines is making additional staff cuts. The discount carrier will furlough 270 pilots on Nov. 1 and demote 140 from captain to first...
Satya Nadella on the ‘enigma of success’ in the age of AI: a thriving business, but 15,000+ layoffs
Microsoft, one of the world’s most valuable tech companies, is undergoing a sweeping internal transformation punctuated by mass layoffs, even as its financial performance...
A quarter of Gen X who’ve been laid off in the last decade haven’t found another job since—and 11% have taken pay cuts to escape unemployment
Americans want to work longer to support themselves as the cost of living climbs and 401(k) benefits are further delayed, but many older Gen...
Porsche CEO seeks fresh cost cuts, warning business model ‘no longer works’ in post-Trump, new China world
Once the envy of the entire German auto industry, Porsche is drifting deeper and deeper into its biggest crisis in decades.
In a letter to...
Scale AI lays off 14% of staff, largely in data-labeling business | TechCrunch
Data-labeling startup Scale AI is laying off 200 employees, roughly 14% of its staff, and cutting ties with 500 of its global contractors, Bloomberg...
The companies firing staff for AI today will regret it in five years
You’ve probably seen the headlines. “AI job cuts.” “Automation replacing humans.” Some CEOs are even proud of it.
OpenAI CEO Sam Altman says the next...
Tech layoffs 2025: How Microsoft, Google, and Meta are plotting for the AI era
Six months into 2025, the tech industry has seen thousands of layoffs as giants such as Microsoft, Google, Meta, IBM, PwC, and Chegg Inc....
Barbara Corcoran shares the ‘crazy’ work perks she’s offered her team including a free Bentley, mid-week picnics, and a 5,000 pound elephant ride
But Barbara Corcoran’s multimillion-dollar success wasn’t achieved by ruling with an iron fist—she believes there’s more to winning over employees than massive payouts and...
Jensen Huang says AI isn’t likely to cause mass layoffs unless ‘the world runs out of ideas’
Jensen Huang is not an AI doomer, but he said developing tech could cause job losses if humans can’t come up with new ideas.
As...
As tech CEOs predict AI will replace humans in just 5 years, this Fortune 500 boss says taking the focus off real people is a ‘recipe for failure’
AI is already leaving its mark on corporate America, with tech layoffs hitting 75,000 this year alone as companies prepare for the technology to...