Artificial intelligence (AI) has become one of the common reasons behind so many job cuts lately. The German software company, SAP is also undergoing some reformation within the company as a part of a “transformation program”. This program has a net worth of $2.2 billion and it is aimed at introducing AI within the company …
The recent workforce reductions at Paytm mark a significant development in the Indian fintech sector. Allegedly, the company has downsized its staff by over 1,000 individuals, affecting approximately 10 per cent of its workforce spanning departments such as operations, marketing, and lending. The primary rationale behind these layoffs is attributed to cost-cutting initiatives. Paytm, akin …
Amazon is cutting jobs in the Alexa division and is laying off “several hundred” employees. Those who will be laid off will include employees working in the artificial general intelligence team. The development comes a week after the company trimmed down its teams working in music and gaming divisions as well as job cuts in …
Sony-owned gaming studio, Bungie which is responsible for the development of first-person shooter game Destiny 2, has announced layoffs. The company is also reportedly planning to delay its upcoming titles. The studio’s CEO has also confirmed plans to sack an undisclosed number of employees. According to a report by Bloomberg, This announcement will be a …
Telecom giant Nokia Oyj may reportedly cut up to 14,000 jobs. Reason: The reduced investment in 5G mobile infrastructure from the US and European operators is said to be weighing on the company. While the Espoo, Finland-based mobile network company has confirmed the job cuts, it has not revealed the exact number of positions that …
Google is reportedly cutting hundreds of jobs at its global recruiting organisation. The latest round of job cuts at the company are part of a broader pullback in hiring over the next several quarters. In a statement, Google said that the “volume of requests for our recruiters has gone down”. The company, however, declined to …