Finance News – Workforce
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Klarna CEO says AI helped company shrink workforce by 40%
The integration of artificial intelligence at the Swedish fintech firm has resulted in a substantial reduction of nearly half its staff, reflecting significant cost-saving measures...
Read Full Article →Burberry to cut 1,700 jobs as designer suffers heavy losses
The company plans to reduce its global staff by approximately 20%, a measure aimed at addressing substantial financial setbacks and improving overall cost efficiency.
Read Full Article →Burberry shares jump on turnaround hopes but job losses loom
Investors responded positively to Burberry’s improved prospects for the latter half of the year, although concerns remain due to the planned reduction of 20 percent of its employee...
Read Full Article →Microsoft to lay off 6,000 workers despite streak of profitable quarters
Microsoft's decision to reduce its staff by approximately 6,000 employees reflects an effort to optimize operational costs despite recent profitability and overall workforce growth...
Read Full Article →Panasonic is cutting 10,000 jobs in a bid to boost efficiency
The planned reduction of 10,000 positions at Panasonic aims to lower operational costs and improve overall financial performance in a competitive market environment.
Read Full Article →‘Tone deaf’: US tech company responsible for global IT outage to cut jobs and use AI
CrowdStrike plans to reduce its global headcount by 5%, attributing the decision in part to operational improvements driven by the integration of artificial intelligence technologi...
Read Full Article →EY CEO says AI won't decrease its 400,000-person workforce — but it might help it double in size
The company anticipates that advancements in artificial intelligence could enable significant expansion of its workforce, potentially leading to increased operational scale and fin...
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