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AI is cutting hours of office work, but also creating a new kind of busywork
As the use of artificial intelligence spreads across companies worldwide, it is relieving workers of tedious old chores but creating new…
Tag
Cutting
Business
Snap is cutting 1,000 workers in the latest tech layoff
Snap, the parent company of disappearing messaging app Snapchat, said Wednesday that it’s laying off 1,000 workers to reduce costs. The…
Business
JPMorgan flips forecast, sees Fed cutting rates in December
The Federal Open Market Committee, led by Chair Jerome Powell, meets in Washington on Dec 9 and Dec 10 Economists at JPMorgan Chase see…
Business
Verizon cutting more than 13,000 jobs as it restructures
US wireless carrier Verizon on Thursday (Nov 20) said that it will cut more than 13,000 jobs in its largest single layoff as it works to…
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Meta is cutting 600 jobs in its AI division
Meta is slashing roughly 600 jobs in its artificial intelligence unit as the tech giant aims to move faster to compete with its rivals.…
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Meta is cutting around 600 roles in AI unit, Axios reports
The cuts will affect the company’s Facebook Artificial Intelligence Research (FAIR) unit Meta is cutting roughly 600 positions out of the…
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Meta reported to be cutting around 600 roles in AI unit
The cuts will affect the company’s Facebook Artificial Intelligence Research (FAIR) unit Meta is cutting roughly 600 positions out of the…
Business
RBNZ seen cutting cash rate with economists split over magnitude
The economy is projected to recover in the second half of the year, and policymakers may decide against a knee-jerk reaction to the poor…
Business
Oil gains on Ukraine drone attacks cutting Russian supply
Oil prices rose on Friday (Sep 26) as Ukraine’s drone attacks on Russia’s energy infrastructure cut the country’s fuel exports. Brent…
Business
ANZ starts cutting jobs in institutional banking division
Precisely how many roles will be eliminated from the restructure remains unclear, and the bank has said that it will update investors on…
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Jay Cutler: Former NFL Star Gets Jail Time after Cutting Plea Deal in DUI Arrest in Tennessee
Jay Cutler has agreed to serve a short jail sentence as part of a plea deal with prosecutors to resolve his DUI case in Tennessee. The…
Business
Nomura sees Fed cutting rates by 25bps in September as inflation cools
RA now expects the US Federal Reserve to cut interest rates by 25 basis points at its September meeting, citing softer core PCE inflation…
Business
RBA seen cutting three more times by early 2026, matching market
Economists expect Australia’s central bank will deliver three more interest-rate cuts by early 2026, up from two seen previously, bringing…
Business
Australia central bank wary of cutting rates too quickly, prudent to await more data
Australia’s central bank judged lowering interest rates for a third time within four meetings was not consistent with its strategy of…
News
Bryan Kohberger to Plead Guilty to Idaho University Student Murders after Cutting Bombshell Plea Deal to Escape Death Penalty
Bryan Kohberger is set to admit to the brutal murders of four University of Idaho students in 2022 as part of a shocking plea deal reached…
Business
HP plunges after cutting profit outlook on tariffs, economy
HP dropped about 15 per cent in extended trading after the company’s profit outlook fell short of estimates and it cut the annual earnings…
Business
Straits Times Index closes slightly lower after cutting intra-day losses
The Singapore blue-chip gauge Straits Times Index slid almost 0.8 per cent during intra-trading but managed to erase the losses and closed…
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Volkswagen is cutting thousands of jobs but still dwarfs global rivals
Job cuts are coming thick and fast from Volkswagen (VW). Just since December, it’s announced plans to reduce its German workforce by…
Business
Saks Global Is Cutting 5 Percent of Its Corporate Workforce
Saks Global is cutting 5 percent of its corporate workforce, or just under 150 staffers, WWD has learned. The cutback is part of the…
News
Brazil court suspends law cutting tax breaks for firms with deforestation soy commitment
SAO PAULO/BRASILIA (Reuters) - A justice on Brazil's top court on Thursday suspended a law from the country's top soy-producing state that…
Business
Brokers’ take: Analysts get more bearish on Wilmar, cutting their price targets for the stock
ANALYSTS cut their price targets for Wilmar International on uncertainty in its China business, and after the company reported…
Business
Buffett keeps cutting Apple stake, with value down 60% this year
BERKSHIRE Hathaway’s continued sales of Apple shares in the third quarter left the conglomerate’s stake at a fraction of its size at the…