Tag: Layoffs
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Tech Workers Willing to Take Pay Cuts Amid Mass Layoffs: Survey
Tech workers are prioritizing their health and security over high salaries, according to a new report. The survey found that 56% would accept equal or less pay for a healthier work environment and better work-life balance.
Singapore’s Grab lays off more than 1,100 workers in the wake of pandemic-caused economic downturn.
Grab, the ride-hailing and food delivery app in Southeast Asia, lays off 11% of its staff in response to changes in technology and competition. CEO aims for profitability.
News Outlet Cuts Workforce by 20%, Implements AI to Replace Editors, Photo Editors, and Proofreaders
German media giant Axel Springer will lay off 20% of its newsroom staff to implement AI technology for print production. CEO sees AI enhancing journalism, but the move is debated.
Microsoft’s cloud chief confronted with leaked messages about low morale and pay issues
Microsoft faces tough questions from employees over pay freeze and bonus cuts. The decision has damaged morale and driven a culture of rushing, leading to concerns over top talent retention.
Shopify Asks Customer Support Team to Test New AI Tools Weeks After Mass Layoffs
Shopify tests an AI-powered translation bot to serve its global customers. The bot uses OpenAI's technology and translates chat conversations in multiple languages to English directly within Shopify's chat tool Athena.