Keywords: Layoffs
A wave of restructuring across global banking institutions has intensified job cuts linked to artificial intelligence, with 63,000 positions eliminated in 2026. Financial groups are increasingly integrating AI efficiency targets into workforce planning, moving beyond pilot programs and experimental use......
Intuit, the American financial software company known for services related to taxes, accounting, and personal finance, is preparing a significant restructuring plan that includes reducing its global workforce by around 17%. According to reports based on an internal company memo, approximately 3,000 employees......
HSBC chief executive Georges Elhedery has told the bank’s 200,000 employees to embrace artificial intelligence or risk being left behind, framing generative AI as a force that will both eliminate and create jobs across the financial sector. He made the remarks during an investor day presentation......
Meta will begin a new round of global layoffs on Wednesday as the company accelerates a broad restructuring focused on artificial intelligence and leaner management structures. Internal documents shared with employees show that dismissal notices will be delivered in three waves at 4 a.m. local time on......
Meta has introduced monitoring software on work devices used by its employees in the United States, collecting data such as mouse movements, clicks, keystrokes, and periodic screenshots. The system, known internally as the Model Capability Initiative, is designed to feed the company’s artificial......
Nicolai Tangen, chief executive of Norges Bank Investment Management, warned companies against using artificial intelligence primarily as a tool for workforce reductions, arguing that aggressive job cuts could trigger public backlash and damage broader confidence in the technology. Speaking ahead of......
Jack Buser, global head of gaming at Google Cloud, has argued that the current business model of the video game industry is no longer sustainable, pointing to artificial intelligence as the most viable path forward. Speaking around the Google Cloud Next 2026 in Las Vegas, he said rising development costs......
The British Broadcasting Corporation (BBC) has announced plans to cut around 2,000 jobs, representing roughly 10% of its total workforce, as part of a major cost-reduction strategy over the next three years. The decision marks the largest wave of redundancies at the public service broadcaster in 15......
Snap Inc, the parent company of Snapchat, has announced plans to reduce its global workforce by approximately 16%, according to reports released on Wednesday. The decision comes as the company faces increasing pressure from investors and a more competitive digital advertising market. The move follows......
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