Tech CEOs are apparently suffering from AI psychosis
"CEOs are uniquely prone to AI psychosis," Box CEO Aaron Levie opines. Maybe that explains the almost religious belief in AI productivity gains.
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Intuit to lay off over 3,000 employees to refocus on AI
In a memo to employees, CEO Sasan Goodarzi said the layoffs are meant to reduce complexity, simplify the company's corporate structure, and deliver be…
Cisco cuts nearly 4,000 jobs to spend more on AI, reports ‘record quarterly revenue’
This is Cisco's latest layoff in recent years, while the company's chief executive touts record revenue and growth.
GM just laid off hundreds of IT workers to hire those with stronger AI skills
Some of the positions focus on AI-native development, data engineering and analytics, cloud-based engineering, and agent and model development as well…
Laid-off Oracle workers tried to negotiate better severance. Oracle said no.
Some found out they didn't qualify for WARN Act protections like two-months notice because the company had classified them as remote workers.
Cloudflare says AI made 1,100 jobs obsolete, even as revenue hit a record high
CloudFlare announced its first large-scale layoff. CEO Matthew Prince says because of AI efficiency gains, the company doesn't need as many support ro…
Truecaller slashes 70 jobs amid declining ad sales
Truecaller's ad revenue declined by 44%, leading to the layoffs.
Coinbase to lay off 14% of staff as part of broader restructuring
The restructuring is aimed at addressing market volatility and increasing the use of AI tools to improve efficiency.