Tag #Layoffs

theguardian.com
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Meta's Q4 Earnings: Increased AI Investment Amidst Layoffs and Fact-Checker Controversy

Meta will report Q4 2024 earnings on Wednesday, revealing a planned increase in AI infrastructure spending to $60-65 billion in 2025, while also announcing a 5% workforce reduction and the elimination of its third-party fact-checking program.

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36% Bias Score

Reduced Inequality
dailymail.co.uk
🌐 75% Global Worthiness
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Tesco Cuts 400 Jobs Amidst UK Retail Sector Downturn

Tesco will cut 400 jobs and close its Snodland Distribution Centre to improve efficiency amid increased competition, despite record Christmas sales; this follows similar job cuts at Sainsbury's (3,000) and Morrisons (200) due to rising costs from the recent budget and a challenging economic environm...

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40% Bias Score

Decent Work and Economic Growth
cnbc.com
🌐 85% Global Worthiness
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Record S&P 500 High Amidst AI Investment Uncertainty and Media Layoffs

The S&P 500 hit a record high Wednesday, but Elon Musk questioned a new $500 billion AI investment plan announced by President Trump, while CNN and NBC News plan layoffs and Electronic Arts lowered its guidance.

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60% Bias Score

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edition.cnn.com
🌐 75% Global Worthiness
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CNN Announces Layoffs and Restructuring Amidst Shifting News Consumption

CNN announced Thursday it is laying off approximately 200 employees (6% of its workforce) as part of a $70 million investment in a new streaming service, a redesigned website, and a new weekday lineup, which launches in March, all in response to shifting audience consumption habits.

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32% Bias Score

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forbes.com
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Layoffs and Return-to-Office Mandates Shake the US Job Market

In early 2025, BP, Meta, and Bridgewater announced workforce reductions of 5-7%, coinciding with President Trump's executive order mandating a return-to-office policy for 1.1 million federal employees, potentially leading to further job losses, driven by economic concerns, AI automation, and cost-cu...

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48% Bias Score

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forbes.com
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Job Insecurity Fuels Rise of Freelancing and Side Hustles

Recent layoffs and a decrease in workplace flexibility are driving a surge in professionals adopting side hustles and freelancing, with 65% of freelancers reporting increased financial security and projections showing the freelance workforce reaching 50.9% of the U.S. workforce by 2027.

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52% Bias Score

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edition.cnn.com
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Musk's Twitter Playbook Applied to US Federal Government

Elon Musk, now a White House advisor, implemented a similar ultimatum to both Twitter and federal employees, demanding "exceptional performance" or termination, mirroring his Twitter takeover strategy and raising concerns about the potential consequences for government services.

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52% Bias Score

Reduced Inequality
forbes.com
🌐 85% Global Worthiness
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2025 Job Market Trends: Remote Work Decline, Experience Over Education

The 2025 job market shows a decline in remote work, cover letters, and the importance of formal education in tech, while emphasizing hands-on experience, networking, and hybrid work models.

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36% Bias Score

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us.cnn.com
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CNN Announces 200 Layoffs, New Streaming Service in Restructuring

CNN announced Thursday that it is laying off around 6% of its workforce, or approximately 200 employees, as it overhauls its programming and invests $70 million in a new streaming service and digital strategy to address declining viewership and revenue.

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40% Bias Score

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lefigaro.fr
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Maisons du Monde Announces 91 Job Cuts Amidst Declining Sales

French furniture retailer Maisons du Monde announced 91 job cuts at its Paris and Nantes headquarters, primarily targeting voluntary departures, to address declining sales and implement its "Inspire everyday" cost-reduction plan, aiming to regain growth by 2025-2026.

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36% Bias Score

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theglobeandmail.com
🌐 75% Global Worthiness
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Amazon Closes All Quebec Warehouses, Laying Off 1950 Employees

Amazon Canada is closing seven Quebec warehouses, affecting 1,950 employees (1,700 permanent, 250 temporary), shifting back to third-party delivery after a recent successful unionization effort in Laval; union representatives allege anti-union tactics.

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40% Bias Score

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dw.com
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Meta to Lay Off 3,600 Employees in Restructuring

Meta plans to lay off approximately 3,600 low-performing employees, representing 5% of its workforce, to improve efficiency and bring in new talent; this comes amid broader changes in the company's approach to content moderation and political alignment.

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44% Bias Score

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