Latest News, Updates & Breaking Headlines
Cloudflare is cutting more than 1,100 jobs across the world, according to a memo sent to staff on May 7. The cybersecurity company said that the layoffs are part of a sweeping reorganisation to prepare for what it calls the agentic AI era. As reported by Business Insider, the layoff announcement was made by the…
ASML, the Dutch chip equipment maker that holds a global monopoly on the machines used to manufacture advanced semiconductors, is cutting roughly 1,700 jobs—about 4% of its 44,000-person workforce. The layoffs, announced in January alongside record full-year revenue of €32.7 billion, are targeting management and coordination roles, not engineers.Internal documents obtained by Business Insider show…
In a rare moment of candour among tech leaders, Jack Dorsey, CEO of fintech giant Block, openly admitted that artificial intelligence was the driving force behind the company’s decision to lay off 40% of its workforce which account to more than 4,000 employees. According to a report by Fortune, Dorsey said that the decision crystallised…
Iran has been laying traps and moving additional military personnel and air defence systems to Kharg Island in recent weeks as the US weighs a possible operation to seize the strategic oil hub, according to multiple people familiar with US intelligence reporting. Iran reinforces island as US weighs pressure tactic According to CNN, the Trump…
Atlassian has laid off approximately 1,600 employees, about 10% of its global workforce, to invest more in AI and enterprise sales. The cuts primarily affected R&D roles. CEO Mike Cannon-Brookes highlighted the difficult decision, emphasizing the need for competitiveness. The company is offering generous severance packages, with redundancy and office exit costs estimated at over…
Amazon CEO Andy Jassy says he hasn’t “really digested” Jack Dorsey’s decision to lay off 4,000 employees — nearly half of Block’s workforce — citing AI-driven efficiency gains. Jassy acknowledges that many jobs humans have done for decades won’t need as many people going forward, but struck an optimistic note, saying new roles will emerge…
Oracle is defending its substantial AI partnership with OpenAI amidst reports of potential job cuts to fund infrastructure. Despite a stalled Nvidia deal, Oracle remains confident in OpenAI’s funding capabilities. However, the company’s massive debt and market cap decline raise investor concerns about its ambitious AI spending plans. Oracle has publicly defended its partnership with…
Meta’s Reality Labs division is shifting focus from VR to wearables, despite continued development of future VR headsets. The company confirmed a significant reduction in VR investment this year, while increasing spending on wearables like smart glasses. This strategic pivot follows substantial losses in Reality Labs, with a projected peak in 2026 before expected declines….
Salesforce is scaling back its reliance on large language models due to reliability issues, as acknowledged by executives. The company is shifting towards more predictable ‘deterministic’ automation in its Agentforce product, aiming to eliminate AI’s inherent randomness. Salesforce, one of the world’s most valuable enterprise software companies, is pulling back from its heavy reliance on…
North Bastar Kanker [Chhattisgarh], Oct 26 (ANI): A total of 21 Maoist cadres, including 13 women, surrendered with 18 weapons, in North Bastar Kanker on Sunday. NEW DELHI: Rejecting the CPI(Maoist) central committee’s (CC) “traitor” tag thrown at him and fellow Naxal leader Bhupathi alias ‘Sonu’ in view of their recent surrender, CC member Rupesh…
