37 stories tagged #Layoffs

  1. CAE Slashes 280 Jobs Amid Aviation Industry Headwinds
    finance

    CAE Slashes 280 Jobs Amid Aviation Industry Headwinds

    Flight simulator giant CAE Inc. announces significant layoffs, impacting 2% of its workforce, primarily in Quebec, as it navigates anticipated airline spending cuts and implements a transformation plan.

    last mo. 1 min read
  2. Yeo's Lays Off 25 Employees at Singapore Facility Amid Consolidation
    finance

    Yeo's Lays Off 25 Employees at Singapore Facility Amid Consolidation

    Singapore-based Yeo Hiap Seng announces layoffs as part of a strategic move to consolidate can manufacturing in Malaysia, impacting its Senoko facility.

    2mo ago 1 min read
  3. Tech Layoffs Hide Massive Money Transfer from Workers to Infrastructure
    tech

    Tech Layoffs Hide Massive Money Transfer from Workers to Infrastructure

    Major tech firms cut 45,000+ jobs while spending billions on AI infrastructure, revealing systematic shift from labor to capital investment.

    2mo ago 1 min read
  4. Meta Cuts Hundreds Amid AI Cost Pressures
    tech

    Meta Cuts Hundreds Amid AI Cost Pressures

    Meta Platforms is laying off hundreds of employees across Reality Labs, social media, and recruiting as it manages soaring AI investment costs.

    2mo ago 1 min read
  5. Epic Games to Cut Over 1,000 Jobs as Fortnite Usage Drops
    tech

    Epic Games to Cut Over 1,000 Jobs as Fortnite Usage Drops

    Epic Games announces major layoffs as Fortnite's user base declines, prompting cost-cutting measures.

    2mo ago 1 min read
  6. Zuckerberg Develops AI Agent to Bolster Meta Leadership Amid Layoffs
    tech

    Zuckerberg Develops AI Agent to Bolster Meta Leadership Amid Layoffs

    Meta CEO Mark Zuckerberg is developing an AI agent to streamline his work and boost productivity across Meta. Amid a potential round of layoffs, the company aims to compete with AI-native startups.

    2mo ago 1 min read
  7. Tech Layoffs: Beyond AI Blame
    tech

    Tech Layoffs: Beyond AI Blame

    Tech giants' mass layoffs are reshaping the workforce, not just due to AI, but driven by corporate strategy, investor pressure, and post-pandemic restructurings.

    2mo ago 1 min read
  8. Meta Plans to Lay Off Up to 20% of Staff, Shift to AI
    tech

    Meta Plans to Lay Off Up to 20% of Staff, Shift to AI

    Meta reportedly plans to cut up to 20% of its workforce and replace many with AI, amid significant investments in AI infrastructure.

    2mo ago 1 min read