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Cost-saving with artificial intelligence. Goldman Sachs will be retrenching this year
On October 15, according to Bloomberg, Goldman Sachs Group Inc. has informed staff that a new round of layoffs is expected this year, as the Bank seeks to further reduce costs across business sectors and take full advantage of the opportunities offered by artificial intelligence technology. An aide-mémoire issued to employees on Tuesday morning indicated that the New York-based company had indicated that it would “control the growth of its personnel by the end of the year” and planned to “restricted part of its posts” on a company-wide basis. But the spokesman of Goldman Sachs, Jennifer Zukarelli..- 1.7k
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Microsoft Execs Take a Stand After 9,000 Layoffs: If You Want to Stay, You'll Have to Learn AI
July 11 (Bloomberg) -- After Microsoft announced last week that it would lay off 9,000 employees, launching its second major layoff of the year, the company is asking its remaining salespeople to become more productive with the help of artificial intelligence, according to The Information. According to attendees, Travis Walter, Microsoft's head of SMB sales operations for the Americas, said at a staff meeting on Monday, "We all need to use AI tools." Walter recommended to employees Microsoft's internal AI tools designed to help salespeople get up to speed faster...- 34.5k
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Manus Responds to Layoff Rumors: Adjusting Some Business Teams for Consideration of Their Own Operational Efficiency
July 9 news, in response to the recently circulated rumors of large-scale layoffs in the company, Manus, the AI Agent (intelligent body) platform, responded to the surging news reporter, "Based on the company's own operational efficiency considerations, we have decided to adjust some of our business teams. The company will continue to focus on core business development and improve overall operational efficiency." Previously, social media platforms have rumored that Manus has laid off some of its domestic business and relocated its core technical staff to its headquarters in Singapore. In June this year, Zhang Tao, head of Manus products, had publicly stated that the company's headquarters had been moved from...- 32.6k
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CEOs of major U.S. companies raise the issue of a "potential wave of layoffs," warning that "AI may create a jobless panic."
July 4 news, according to foreign media TechCrunch reported on July 3, in late May, Anthropic CEO Dario Amodei threw out a shocking topic: he warned that the development of AI may make half of the primary jobs disappear within five years, the U.S. unemployment rate may soar to 20%. Amodei's statement is not alone: more and more business executives began to intensively issued warnings about the increasingly severe impact of AI on the job market. Executives have begun to intensively warn of the growing impact of AI on the job market, and these "doomsday predictions" are even becoming a means of competing with each other. 1AI reports from...- 38.1k
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CNN accelerates its transformation to artificial intelligence and lays off hundreds of employees
CNN announced the layoff of 100 employees, accounting for 31% of its total staff. The decision was seen by CEO Mark Thompson as part of the company's modernization and transformation to video content. Thompson emphasized in an internal memo that future strategies include accelerating the transformation to video content and plans to make strategic advances in the field of artificial intelligence to better serve viewers and achieve news goals. Although Thompson did not disclose specific artificial intelligence plans in detail, the mention shows CNN's ambition to adopt new technologies. He said in the memo…- 3.3k
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Cloud development tool startup Replit lays off employees as it pushes generative AI
Replit Inc., a cloud development tool startup that is a pioneer in promoting generative artificial intelligence coding, announced that it has laid off 30 employees, accounting for about 20% of its total staff. Replit CEO Amjad Masad announced the news in an email sent to company employees, which was published on X (original Twitter) today. Masad said in the email that the company "decided to part ways with 30 outstanding colleagues." He emphasized that this was a difficult decision, but in order to ensure that Replit can achieve its mission and win…- 3.5k
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Stability AI announces layoffs of 20 employees, accounting for approximately 101% of total employees
UK AI firm Stability AI has announced 20 layoffs, representing around 10% of its workforce, just a day after announcing an expansion in the use of its flagship model. The layoff decision comes after weeks of turmoil following the departure of its founding CEO. According to CNBC, the U.K.-based AI company runs a stable diffusion text-to-image model, and the layoff decision is part of the company's "strategic plan to reduce our cost base, strengthen support with our investors and partners, and enable the team to continue to develop and release innovative...- 2.4k
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