Latest Updates Around The World
Three of the longest-serving TV anchors in Los Angeles were abruptly fired Wednesday when company owner Nexstar cut jobs at KTLA. The cuts included weekday morning meteorologist Mark Kriski and veteran afternoon anchors Glen Walker and Lu Parker, along with weatherman Kacey Montoya and reporter Ellina Abovian, according to NewscastStudio. The layoffs are part of […]
Lucid Motors is laying off 12% of its workforce in an effort to “improve operational effectiveness and optimize our resources as we continue on our path to profitability,” according to an internal memo obtained by TechCrunch. Hourly workers on the production, logistics and quality teams will not be affected by the cuts, according to the […]
The ‘no hire, no fire’ era may be coming to an end. U.S. employers announced 108,435 layoffs in January, the highest number in January since the 2009 financial crisis, according to outplacement firm Challenger, Gray & Christmas. The total was up 118% from January 2025. Companies announced just 5,306 new hires, the lowest number in […]
Amazon said today it is cutting 16,000 jobs across the company. This reduction comes after the e-commerce company laid off 14,000 people in October. In a letter to employees, Beth Galetti, Senior VP of People Experience and Technology, said these layoffs occurred to “reduce layers, increase ownership and eliminate bureaucracy.” She noted that the reason […]
Concerns about the impact of AI on workers continue to grow, in line with the pace of developments and new products that promise automation and efficiency. There is evidence that fear is justified. November’s MIT Research shows that an estimated 11.7% of jobs exist could already be automated using AI. Surveys have shown that employers […]
Key Takeaways HP plans to lay off between 4,000 and 6,000 employees by the end of fiscal year 2028. The move is part of a broader effort to integrate AI into the company’s operations. According to an earnings presentation from HP, the company’s strategy is aimed at driving the adoption and enabling of artificial intelligence […]
Through Mitti Hicks November 7, 2025 Job losses rose 175% in October, compared to the 55,597 job cuts announced a year ago. New data shows that October’s job decline was the worst for the month in 22 years. According to outplacement agency Challenger, Gray & Christmas, dismissed clientmbed to more than 153,000. That number is […]
Key Takeaways Amazon is cutting 14,000 positions from its global workforce of 350,000 employees, the company announced Tuesday. The layoffs are part of an effort to cut bureaucracy and reallocate resources to fast-growing areas, particularly in AI. Amazon is the fifth most valuable company in the world, with a market capitalization of $2.4 trillion. Amazon […]
Key Takeaways Meta eliminated an unspecified number of roles within its risk organization on Thursday. Michel Protti, Meta’s Chief Compliance and Privacy Officer of Product, explained that routine processes can now be handled by technology, reducing the need for some roles. Earlier this week, Meta also laid off 600 employees from Superintelligence Labs, its AI […]
