Neowin News Feed for: Unemployment

New data shows shortsighted companies will try to replace workers with AI

Paul Hill — Fri, 05 Apr 2024 13:00:02 +0000

A new survey shows that 41% of senior executives at global companies believe there will be a reduction in workforce sizes as they adopt generative AI, contradicting the narrative of AI as a helper. Read more...

Trimming the fat: Xerox plans to reduce workforce by 15%

Paul Hill — Thu, 04 Jan 2024 03:46:01 +0000

Xerox has become the latest tech company to say that it will be laying off staff and reorganizing its structure. The company had 20,500 employees at the start of 2023 and 15% of those will be let go. Read more...

Spotify lays off 17% of staff to reduce costs and adjust for a slowdown

Paul Hill — Mon, 04 Dec 2023 10:26:01 +0000

Spotify has decided to layoff 17% or about 1,500 of its employees. The company is trying to cut costs and adjust for a period of slower growth. The decision was announced in an internal memo. Read more...

It is official: ChatGPT has started taking human jobs

Paul Hill — Fri, 02 Jun 2023 23:02:01 +0000

With budgets squeezed, some businesses seem to be delegating tasks to services like ChatGPT. While there's no mass unemployment just yet, it looks like ChatGPT is replacing some workers. Read more...

Editorial: It's right that big tech leans up with layoffs, focusing on profitable activities

Paul Hill — Tue, 23 May 2023 14:00:01 +0000

In this editorial, I argue that big tech companies are making the right decision by making sweeping job cuts, despite being hard to do and hard on the people whose lives are affected as a result. Read more...

Virgin Orbit lays off 85% of its workforce to reduce expenses

Paul Hill — Fri, 31 Mar 2023 05:04:02 +0000

Virgin Orbit is laying off 85% of its workforce after it was unable to secure funding. This means 675 people will lose their jobs. The redundancies will likely be completed by April 3. Read more...

Google engineer says workers cried at meetings as the company laid off 12,000 employees

Anushe Fawaz — Fri, 27 Jan 2023 17:36:01 +0000

Two engineers at Google revealed insights on the after-effects of the lay-offs on the existing staff at the company. They shared that losing 12,000 employees has been overwhelming for many. Read more...

Microsoft's Satya Nadella confirms the elimination of 10,000 jobs

Paul Hill — Wed, 18 Jan 2023 18:52:37 +0000

Microsoft CEO Satya Nadella has confirmed that the company is laying off a massive 10,000 employees starting today. The company will be offering support to those affected by the job cuts. Read more...

Amazon set to commence the firing of 18,000 employees from today

Paul Hill — Wed, 18 Jan 2023 11:46:01 +0000

Amazon is set to commence its huge layoff today which will affect 18,000 employees in America, Europe, and possibly elsewhere. The layoffs were announced earlier this month by CEO Andy Jassy. Read more...

Amazon cuts software development job openings by 99%, amid economic conditions

Paul Hill — Mon, 16 Jan 2023 16:40:01 +0000

Amazon has massively reduced its software development job openings following the laying off of around 18,000 employees. There are still a few hundred openings but this is down around 99%. Read more...

Amazon to cut 18,000 jobs, mostly in Stores and PXT Solutions teams

Paul Hill — Thu, 05 Jan 2023 02:52:01 +0000

Amazon is going to lay off 18,000 employees, almost double what it had previously planned in November. Communication with affected employees is now set to take place from January 18. Read more...

Around 79% of recently sacked tech employees have found new jobs

Paul Hill — Tue, 27 Dec 2022 21:40:01 +0000

New data from ZipRecruiter has found that 79% of tech workers that were laid off have found new employment within six months. Of those, 74% remained in the tech sector while others moved. Read more...

Salesforce let go of hundreds of employees on Monday

Paul Hill — Wed, 09 Nov 2022 05:46:01 +0000

Salesforce decided to make less than 1,000 employees redundant earlier this week after it saw a decline in custom from small and medium-sized businesses, predominantly in North America and Europe. Read more...

Mark Zuckerberg says Meta will begin laying people off on Wednesday morning

Paul Hill — Tue, 08 Nov 2022 23:38:27 +0000

Mark Zuckerberg has told executives in a meeting on Tuesday that layoffs will begin on Wednesday morning. Thousands of jobs are expected to go. Four months of salary will be paid as severance. Read more...

Lyft says it's cutting 13% of jobs as it faces up to “tough reality”

Paul Hill — Thu, 03 Nov 2022 21:02:01 +0000

The ride-hailing firm, Lyft, has announced it's cutting 13% of jobs. It said it needs to become leaner as a recession looms and insurance costs rise. The cuts will affect more than 650 people. Read more...

Calm cuts 20% of staff, following its COVID-19 boom

Paul Hill — Fri, 12 Aug 2022 18:10:02 +0000

Calm is the latest technology company to announce that it's laying off some of its employees. The firm decided to cut 20% of jobs after it saw a 30% decline in app downloads over the last year. Read more...

Report: 20 million manufacturing jobs to be automated by 2030

Paul Hill — Wed, 26 Jun 2019 02:48:01 +0000

A new report by Oxford Economics states that 20 million manufacturing jobs will be wiped out by 2030 worldwide. New jobs to fill those are likely to be created but could involve retraining. Read more...

Tesla to cut around 3,000 jobs in order to make products more affordable

Paul Hill — Fri, 18 Jan 2019 14:24:01 +0000

In a statement, Elon Musk, CEO of Tesla, announced that the firm would be laying off around 3,000 workers, or 7% of its workforce. Help for those being sacked wasn't detailed by Musk. Read more...

Bank of England chief economist warns of rise in “technologically unemployed”

Paul Hill — Mon, 20 Aug 2018 14:32:02 +0000

The Bank of England's chief economist has warned that the UK faces having swathes of technologically unemployed people and stated that they will need to upskill in order to stay employable. Read more...

Facebook rolling out job hunting tool to 40 countries [Update]

Paul Hill — Wed, 28 Feb 2018 20:21:57 +0000

Facebook has announced that a job hunting tool, that it launched in the U.S. and Canada last year, will arrive in 40 countries soon. The tool lets potential employees get connected to businesses. Read more...

Facebook brings social job discovery to the USA

Paul Ferson — Wed, 14 Nov 2012 21:34:08 +0000

Employment isn't always easy to find, but Facebook is trying to change that. The giant social network has partnered with numerous entities to bring the hunt to the News Feed. Read more...

Google plans to downsize Motorola workforce by twenty percent

Paul Ferson — Mon, 13 Aug 2012 11:39:48 +0000

Google announced plans to downsize Motorola Mobility's workforce on Sunday, with the intention of cutting down the workforce by 4,000 employees. Read more...