Tag #Tech Layoffs

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kathimerini.gr
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AI-Driven Layoffs Hit Tech Sector: High Unemployment Among Recent Graduates

AI-driven automation is causing massive layoffs in the tech sector, with companies like Microsoft, IBM, Meta, and Google implementing AI to reduce their workforce; recent computer science graduates face unemployment rates double that of other fields, despite a surge in enrollment in the past decade.

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56% Bias Score

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theglobeandmail.com
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Tech Hiring Slowdown Leaves Recent Graduates Jobless

Following a pandemic-driven surge, the Canadian tech sector's hiring has dramatically slowed, leaving many recent computer science graduates like 35-year-old Steven Bubonja unemployed in their field despite extensive job applications, and prompting a significant decrease in university applications f...

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40% Bias Score

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forbes.com
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23,000 Tech Layoffs Signal AI-Driven Job Market Restructuring

Over 23,000 tech workers lost their jobs in April 2025 due to companies like Klarna, Cisco, and Duolingo streamlining operations to integrate AI and automation, shifting job roles and skill requirements, impacting those without specialized tech skills.

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44% Bias Score

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themarker.com
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Intel's Layoffs and Kiryat Gat Plant Uncertainty

Intel's generous employee severance packages resulted in the unexpected loss of key personnel, while the opening of its new Kiryat Gat plant remains uncertain due to insufficient demand.

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44% Bias Score

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theguardian.com
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Meta Cuts 3,600 Jobs, Prioritizes AI and Free Speech

Meta is cutting approximately 3,600 jobs (5% of its global workforce), prioritizing free speech and AI development, and eliminating third-party fact-checkers and DEI programs, leading to criticism and uncertainty regarding content moderation.

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60% Bias Score

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theglobeandmail.com
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Canadian Earnings Reports Reflect Economic Headwinds

Canadian companies' second-quarter earnings reflect economic headwinds; Restaurant Brands missed profit targets due to inflation and decreased lower-income traffic, while Canadian Tire showed resilient consumer spending, BCE faced competitive pressures and a slowdown in immigration, and OpenText is ...

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28% Bias Score

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dailymail.co.uk
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1,300 Job Cuts at Indeed and Glassdoor as AI Adoption Accelerates

Recruit Holdings, owner of Indeed and Glassdoor, is laying off roughly 1,300 employees, mostly in the US, due to AI adoption, impacting entry-level positions and creating a 'diamond-shaped' employment structure.

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48% Bias Score

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repubblica.it
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US Government Layoffs Surpass Tech Sector Job Cuts in 2025

During the first five months of 2025, US government agencies experienced more than 61,000 layoffs, exceeding the 60,000 job cuts in the tech sector; this reflects both sectors' efforts to restructure and adapt to AI and economic changes.

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52% Bias Score

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forbes.com
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Tech Job Cuts Signal Market Shift, Challenging Family Offices

The recent rise in Alphabet's stock price despite job cuts, coupled with similar actions by Intel and Meta, signals a broader shift in the tech sector, forcing family offices to adapt their investment, staffing, and business strategies.

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44% Bias Score

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Showing 1 to 9 of 9 results