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AI adoption could slash 200,000 jobs in global banking

AI adoption could slash 200,000 jobs in global banking

Banks are expected to cut 200,000 jobs in the next three to five years as AI becomes integral to the workforce.

Banks see massive layoffs

Banks see massive layoffs

Hasbro to lay off 900 more employees amid weak toy sales

Hasbro to lay off 900 more employees amid weak toy sales

Crypto.com to cut 20% jobs as industry rout deepens after FTX collapse

Crypto.com to cut 20% jobs as industry rout deepens after FTX collapse

Crypto.com said on Friday it would be reducing about 20% of its workforce, as cryptocurrency exchanges face industry-wide challenges brought on by the collapse of FTX last year.

January 13, 2023 | 01:20 am PT

Meta cuts 11,000 jobs as it sinks more money into the metaverse

Meta cuts 11,000 jobs as it sinks more money into the metaverse

Meta Platforms Inc said on Wednesday it would cut more than 11,000 jobs, or 13% of its workforce, as the Facebook parent doubled down on its risky metaverse bet amid a crumbling advertising market and decades-high inflation.

November 9, 2022 | 08:42 am PT

Chaos, confusion reign ahead of Twitter layoffs

Chaos, confusion reign ahead of Twitter layoffs

Fear and dread spread across Twitter offices Thursday as 7,500 employees from San Francisco to Singapore feared for job cuts that were planned to hit about half of the staff.

November 3, 2022 | 06:24 pm PT

Covid-19 crisis hurts 31.8 million Vietnamese workers

Covid-19 crisis hurts 31.8 million Vietnamese workers

The Covid-19 pandemic has caused 31.8 million workers aged 15 or more to either lose their jobs or have their working hours reduced.

October 6, 2020 | 05:30 am PT

Last straw: New Covid outbreak forces businesses to lay off workers

Last straw: New Covid outbreak forces businesses to lay off workers

Nearly half of all businesses have been forced to downsize due to the reemergence of Covid-19, a survey by the Private Economic Development Research Board has found.

September 6, 2020 | 06:46 pm PT

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