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Last Updated:March 06, 2026, 08:10 IST AI washing is when firms claim to use advanced AI but rely on basic automation, exaggerate results, or present tools as fully working when they are limited or not truly deployed. According to global outplacement firm Challenger, Gray & Christmas, technology companies announced 49,795 job cuts through 2025, with…
A silent economic storm is engulfing professionals in their 30s and early 40s, a generation now burdened by soaring financial obligations, shifting job markets, and a tech-driven world that no longer rewards experience the way it once did. “This generation is facing the most complex squeeze in modern economic history,” says Vaibhav Jain, CFA, CMT,…
Amazon has announced its largest-ever corporate layoff, planning to cut around 30,000 white-collar jobs globally. This move affects nearly 9% of its corporate workforce and is part of a major restructuring focused on streamlining operations and investing in artificial intelligence. (File Photo) Despite reporting strong profits, Amazon is aiming to reduce organizational layers and increase…
It’s a tough time for the job market. Amid wider economic uncertainty, some analysts have said that businesses are at a “no-hire, no fire” standstill. That’s caused many to limit new work to only a few specific roles, if not pause openings entirely. At the same time, some sizeable layoffs have continued to pile up…
New Delhi: In one of the biggest layoff waves of 2025, tech giants like Amazon, Microsoft, Meta, Intel and others are cutting tens of thousands of jobs as they shift focus towards AI-driven growth. Intel has slashed over 21,000 roles to Meta trimming 5 per cent of its workforce as the industry is undergoing a…
New Delhi: As geopolitical tensions between India and Pakistan continue to make global headlines, a major corporate shake-up has emerged from Japan. Panasonic, a Japanese electronics giant and key battery supplier to Tesla has announced layoffs of 10,000 employees both domestically and internationally. The company has decided to cut about 4 per cent of its…
New Delhi: Over the past two years , workforce reductions have impacted a range of industries, including technology, finance, manufacturing, media, and retail. A Business Insider report highlights that companies are offering various reasons for recent layoffs with a key factor being the rise of technological advancements, particularly artificial intelligence (AI). As per the recent…
New Delhi: Google has laid off 10 per cent of its managerial staff as part of a long-running campaign to increase efficiency by double that number. Multiple news reports said CEO Sundar Pichaiin an all-hands meeting Wednesday, indicated the cuts will come at the manager, director, and vice president roles. A Google spokesperson told the…
Last Updated:November 01, 2024, 05:07 PM IST Dropbox has decided to lay off 528 employees or about 20 per cent of its workforce amid shoftening demand and macroeconomic headwinds in its core business. This is the second round of layoffs at Dropbox after a 16 per cent reduction in staff in April 2023. Dropbox, a…
Boeing has lost more than $25 billion since the start of 2019. (AP file Photo) Boeing will further delay the rollout of a new plane, the 777X, to 2026 instead of 2025. It will also stop building the cargo version of its 767 jet in 2027 after finishing current orders. Boeing plans to lay off…