layoffs
AI-driven job displacement is real, and it’s wreaking havoc in tech. Loading audio narration… US tech layoffs are now at their worst year-to-date point since 2023, according to a new Challenger, Gray & Christmas report. The outplacement firm said US-based tech companies announced 52,050 job cuts so far in 2026,…
CBS News’ leadership just told staffers why the broadcast network is enacting a new round of job cuts.”Today we are reducing the size of our workforce,” top editor Bari Weiss and network president Tom Cibrowski said in a memo to CBS News staff on Friday morning, which was obtained by Business Insider.”It’s…
AI leaders have said that artificial intelligence could eliminate large numbers of white-collar jobs — and those warnings have intensified after Block laid off 40% of its employees amid a new AI push. Loading audio narration… Salesforce’s CEO, Marc Benioff, isn’t so sure.In a Wednesday interview with CNBC, he suggested…
Survived the Block layoffs? You might be getting a hefty retention package, including a bonus.Naoko Takeda was a data scientist at Block’s Cash App for two years, per LinkedIn. After over 4,000 of her Block colleagues were laid off last week, Takeda wrote on LinkedIn that the company offered her…
Jack Dorsey is taking responsibility for a key mistake behind Block’s sweeping job cuts.”Yes we over-hired during COVID,” the Block cofounder and CEO wrote Friday on X, responding to criticism that the company’s recent layoffs reflected managerial incompetence.The admission comes a day after Dorsey announced he was slashing nearly half…
White-collar workers, beware.CEO Jack Dorsey is departing from the classic tech layoff playbook — and it could be a sign of what’s to come.In a post on X on Thursday, the billionaire said he’s slashing nearly half Block’s workforce, cutting its over 10,000-person staff to just under 6,000. He said…
