Some CEOs expect at least a five percent reduction in employees in 2024 thanks to AI, PwC found. Leaders in media, banking, and insurance are most likely to expect AI job replacement, study shows.

Fastly (NYSE:FSLY) announced the reduction of the global headcount of its full-time employees by about 11%, as part of a restructuring effort. The content delivery network company currently ...

Arrival (NASDAQ:ARVL) became the latest company to announce a sizable headcount reduction on Monday ... The cut equates to 800 total employees and will be coupled with “cost reductions in ...

Shopify's Q4 2024 filings show outstanding holiday numbers, with operating income growing faster than revenue due to increased productivity and AI integration. Given the sale of the logistics ...

Google employees ... of its employee evaluation system. “After 2023, full bonuses will be paid in March,” the company said in the memo. Earlier this week, a couple of fellow tech giants also announced ...

Wipro, India’s fourth largest IT major, bucked its headcount reduction trend with a marginal increase in its employee count by 337 during the first quarter ending June in the ongoing fiscal year ...

What Happened: As of Dec. 31, 2023, Tesla's headcount worldwide was at 140,473, according to the company’s annual report. Tesla’s employee headcount has been rising steadily from 2019 till 2023.

Tesla CEO Elon Musk said in an e-mail to all employees at the electric vehicle ... economic outlook on Friday after news of Tesla's headcount reduction was out. Biden said that while Elon Musk ...

The restructuring plan will include a 23% headcount reduction and a refocus on students ... of $40 million to $50 million in 2025 from 441 employee departures and the closure of two locations.

Japan’s Panasonic Holdings said on Friday it will cut 10,000 employees and expected to ... The company will make the headcount reduction at consolidated companies mainly in the current business ...

Read More Reliance Jio, India's top telecom firm, saw a reduction in its workforce by over 5,000 employees in FY24, bringing the total headcount to 90,067 from 95,326 in FY23. Read Less Reliance ...

An affected employee who wished to remain anonymous told TechCrunch that just 42 people remain at the company — down from 230 in April — reflecting an 82% drop in headcount. All of the company ...