Microsoft CEO Satya Nadella addressed growing internal unease at the company Thursday morning in a company-wide memo that acknowledged the “uncertainty and seeming incongruence” of conducting layoffs while achieving record profits and AI investments. The tech giant has eliminated more than 15,000 positions in 2025, including 9,000 cuts in early July alone, marking one of the most aggressive periods of …
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Intel CEO announces another delay in construction of Ohio plant 10tv.com Intel is cutting more jobs as CEO Tan tries to fix manufacturing missteps Reuters Intel to Lay Off 15% of Workers, Cancel Billions in Projects in Bid for Rebound – WSJ The Wall Street Journal Intel cuts 15% of its staff as it pushes to make a comeback CNN Intel Expects Work Force …
Read More »Intel is cutting more jobs as CEO Tan tries to fix manufacturing missteps Reuters Intel Expects Work Force to Shrink by 25,000 The New York Times Intel to Lay Off 15% of Workers, Cancel Billions in Projects in Bid for Rebound – WSJ The Wall Street Journal Intel cuts back spending, workforce as struggling chip maker mounts comeback Yahoo Finance Lip-Bu Tan: Steps in …
Read More »In new memo, Microsoft CEO addresses ‘enigma’ of layoffs amid record profits and AI investments GeekWire Microsoft’s Satya Nadella says job cuts have been ‘weighing heavily’ on him CNBC Read Microsoft CEO’s memo to staff explaining why the tech giant is laying off workers while making huge profits Business Insider Satya Nadella seeks to reassure Microsoft employees in layoffs memo The Verge Satya Nadella …
Read More »Microsoft CEO Satya Nadella sent a note to employees on Thursday explaining why the company has cut thousands of jobs while generating huge profits and spending billions on AI. “This is the enigma of success in an industry that has no franchise value,” Nadella wrote. “Progress isn’t linear. It’s dynamic, sometimes dissonant, and always demanding. But it’s also a new …
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General Motors and its legacy auto industry peers need a bold strategy for the future if they ever want investors to rethink their growth prospects, investment bank Piper Sandler warned on Tuesday. Otherwise their collective tinkering around on the edges with cost cuts here and inventory changes there amount to little more than rearranging the deck chairs on the Titanic, …
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During his latest trip to Washington, OpenAI’s chief executive, Sam Altman, painted a sweeping vision of an AI-dominated future in which entire job categories disappear, presidents follow ChatGPT’s recommendations and hostile nations wield artificial intelligence as a weapon of mass destruction, all while positioning his company as the indispensable architect of humanity’s technological destiny. Speaking at the Capital Framework for …
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Splitgate 2 developer 1047 Games is laying off developers and shutting down the original Splitgate in an effort to revamp the game after launching, in CEO Ian Proulx’s words, “too early.” The company announced the layoffs in a lengthy statement on X (formerly Twitter) signed by Proulx and CTO Nicholas Bagamian. In it the two said that they “agree” with …
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New York CNN — OpenAI CEO Sam Altman says the world may be on the precipice of a “fraud crisis” because of how artificial intelligence could enable bad actors to impersonate other people. “A thing that terrifies me is apparently there are still some financial institutions that will accept a voice print as authentication for you to move a lot …
Read More »OpenAI CEO Sam Altman warns of AI “fraud crisis” targeting consumer accounts Axios OpenAI’s Sam Altman warns of AI voice fraud crisis in banking AP News OpenAI CEO Sam Altman warns of AI being used for voice fraud in banking The Independent OpenAI CEO Sam Altman Warns Bankers, Regulators of Coming Fraud ‘Crisis’ Barron’s OpenAI CEO Sam Altman Is Terrified About AI Bank Fraud Entrepreneur …
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