Tag Archives: Layoffs

Still no sign of rising layoffs in jobless claims. U.S. has a low-hire, low-fire labor market.  MarketWatch US Continuing Jobless Claims Rise to Highest Since End of 2021  Bloomberg.com US applications for jobless benefits rise modestly, but remain in a range considered healthy  AP News US jobless claims tick up in latest week; productivity improves in second quarter  Yahoo Finance Treasuries Selloff After Jobless …

Tech titans keep insisting that AI will usher in a “golden era” of humanity, where all illness is cured, people live in abundance, and workers have “superhuman” powers. But a former Google executive has slammed the notion that the technology won’t be a job-killer and will actually create new work for humans.  “My belief is it is 100% crap,” Mo …

Vaccine maker Moderna cuts hundreds of jobs; CEO says ‘every effort’ made to avoid layoffs  The Business Journals Moderna to slash 10% of workforce as biotech cuts costs, Covid shot sales slow  CNBC Moderna announces layoffs, and Alnylam’s heart drug sees quick uptake  statnews.com Moderna will lay off 10% of employees, Massachusetts-based company announces  CBS News Moderna to cut more than 800 jobs this …

If you read the typical 2025 mass layoff notice from a tech industry CEO, you might think that artificial intelligence cost workers their jobs. The reality is more complicated, with companies trying to signal to Wall Street that they’re making themselves more efficient as they prepare for broader changes wrought by AI. A new report Wednesday from career website Indeed …

Job openings decline and hiring tapers off due to trade wars. The good news? Layoffs are still low.  MarketWatch Job openings slide in June as hiring rate hits 7-month low  Yahoo Finance US job openings fell to 7.4 million last month as job market continues to cool  AP News Job openings slide, as expected, in June: JOLTS report  Seeking Alpha Why labor market weaknesses …

You’ve read about it all over, including in Fortune Intelligence. Maybe you or friends have been impacted: artificial intelligence is already transforming work, not least hiring and firing. Nowhere is the impact more visible than in the labor market. The technology industry, the original epicenter of AI adoption, is now seeing many of its own workers displaced by the very …

“Microsoft is thriving,” said CEO and chairman Satya Nadella in a new statement following a round of layoffs earlier this month that cost 9000 employees their jobs. The statement, shared publicly and with Microsoft employees, reiterates the company mission, with Nadella doubling down on the importance of AI. First, he acknowledged the layoffs. “I want to express my sincere gratitude …

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 …

Costfoto / NurPhoto via Getty Images Intel reported its latest quarterly financial results Thursday. More layoffs are coming at Intel, the latest Big Tech company to make big cuts in its staff. The American chip giant on Thursday afternoon said in a letter from CEO Lip-Bu Tan, published online in concert with the company’s latest financial results, that it plans …

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 …