Latest News, Updates & Breaking Headlines
Tesla CEO Elon Musk’s social media platform X (formerly known as Twitter) has undergone a fresh round of layoffs as it prepares for the potential $1 trillion-plus IPO of SpaceX, according to a report by Wall Street Journal. The company has let go of its chief marketing officer Angela Zepeda, who had joined in September…
Meta is preparing for its largest-ever round of layoffs, with employees in wearables and ads told to work from home as cuts loom. Reuters reported the reductions could affect 20% of its nearly 79,000-strong workforce—around 15,800 jobs. The move is driven by Meta’s $600 billion AI infrastructure commitment and a broader push toward leaner, AI-assisted…
Perplexity AI CEO Aravind Srinivas (R) As tech leaders are warning about mass unemployment due to AI, Perplexity CEO Aravind Srinivas is now offering a more optimistic view. According to a report by Fortune, speaking on the AII-In podcast recoded at the recent Nvidia GTC event, Srinivas argued that AI-driven layoffs should not be feared,…
Nvidia CEO Jensen Huang has now dismissed the prediction about massive AI-driven unemployment countering warnings from tech leaders like Anthropic CEO Dario Amodei and AI pioneer Geoffrey Hinton. According to a report by Fortune, speaking in a December interview with podcast host Joe Rogan, Huang mentioned that he does not foresee a sudden spike in…
BlackRock CEO Larry Fink has now issued a stark warning about the impact of artificial intelligence on the workforce. According to a report by Fortune, speaking at the BlackRock 2026 Infrastructure Summit, Fink said that he fears this year’s collage graduates could face the highest unemployment rate in years even without recession. He pointed to…
HSBC is reportedly planning to cut thousands of jobs due to AI. According to a report by Bloomberg, the change – likely to span over the next three to five years – could affect about 10% or nearly 20,000 of its workforce. “HSBC Holdings Plc is weighing deep job cuts over the coming years as…
The first quarter of 2026 has been brutal for tech workers as some of the biggest names in technology industry have either announced mass layoffs or are planning them. In any case, the numbers are staggering. While the UK-based research firm RationalFX has said that more than 45,000 jobs have been cut across the tech…
Meta’s potential workforce reduction of up to 20% is viewed by analysts not as a setback, but as a strategic move to become an AI-first organization. This restructuring aims to leverage AI for significant cost and performance advantages, potentially creating an insurmountable competitive edge. The company’s substantial AI investments and previous successes in efficiency suggest…
The Middle East crisis continues to boil and the ripples have triggered an operational stress for India’s food services sector. As LPG supply flows are disrupted amid the Strait of Hormuz transit issues, industry voices have warned of layoffs, salary cuts and widespread business impact if the situation drags on. Despite assurances from the government…
Meta is planning its largest-ever layoffs, potentially impacting over 20% of its workforce that equals to about 15,000-plus employees. This significant move is driven by soaring AI infrastructure costs and a strategic shift towards leaner, AI-assisted operations. Executives are already mapping out reductions, as the company invests billions in AI development and acquisitions, while facing…
