ComputerWorld AI·
Meta is the latest company to trim its workforce as a result of the growing use of AI within the industry. The company laid off 8,000 employees earlier this week, while also moving 7,000 more to AI-focused roles. “AI is the most consequential technology of our lifetimes,” Zuckerberg said in a memo that he sent to employees, informing them of the cuts. “The companies that lead the way will define the next generation,” he added. The company has not revealed too much detail of the changes in the workforce, but it’s clear that jobs focused on AI infrastructure will be protected. Meta is not alone in announcing cuts. In a blog this month, Cisco said it was cutting 4,000 jobs and Microsoft is looking at inciting employees to take voluntary retirement for the first time. The Meta reorganization is following the trend that businesses that don’t adapt to AI usage will struggle. Earlier this year, PwC US CEO Paul Griggs caused consternation when he suggested that executives who failed to get to
Read full articleNorway's wealth fund's stance on board appointments highlights the growing influence of institutional investors in corporate governance reforms. The post Norway’s $2.3T wealth fund objects to Elkann’s Meta board seat appeared first on Crypto Briefing.
Harbor Capital is trying to slice the AI boom into lab-branded trades, filing for a suite of active “Lab ETFs” tied to Anthropic, DeepMind, Meta, OpenAI and xAI ecosystems. Harbor Capital has filed for five actively managed “Lab ETFs” that…
The ceremony was scheduled. The CEOs were on the guest list. And then it wasn’t happening. On Thursday, US President Donald Trump scrapped a planned AI executive order, which had already been delayed multiple times, citing concerns that it might erode America’s competitive edge over China. “We’re leading China, we’re leading everybody, and I don’t […] The post Musk and Zuckerberg convinced Trump to scrap AI executive order appeared first on AI News.
JPMorgan's AI focus may reshape workforce dynamics, emphasizing tech roles over traditional banking, impacting job structures and cost efficiency. The post JPMorgan plans to hire more AI experts, fewer bankers appeared first on Crypto Briefing.
In this episode of Uncanny Valley, we unpack the mass layoffs at Meta, big announcements at Google I/O, and the latest backlash against AI.
Meta's AI focus may spur innovation but risks centralizing power, challenging decentralized AI projects to compete for resources and relevance. The post Meta CEO Zuckerberg defends layoffs of 8,000 workers, doubles down on AI spending appeared first on Crypto Briefing.
Standard Chartered's AI-driven job cuts highlight a broader trend of automation reshaping workforce dynamics and profitability strategies. The post Standard Chartered plans to cut 7,500 jobs, replace with AI by 2030 appeared first on Crypto Briefing.
Activist investor pressure on Big Tech's AI energy use could reshape regulatory landscapes, financial risks, and ESG investment dynamics. The post Activist investors press Amazon, Google, Meta on AI energy use and climate goals appeared first on Crypto Briefing.
