Layoffs in the AI Era and Their Impact on the Job Market
Artificial intelligence (AI) is widely celebrated as one of the most transformative technological advances of our time — with potential to boost productivity, create new...
Tag : Job cuts
Volvo to Slash 800 US Jobs as Q1 Income Falls by $500 Million on Weak Truck Demand
Volvo AB’s income fell in the first quarter as uncertainty over US tariffs hit truck demand in North America. Operating income dropped to 13.3 billion...
Pentagon plans to cut up to 60,000 civilian jobs
The Department of Defense plans to cut 50,000 to 60,000 civilian jobs, targeting a 5% to 8% reduction in its 900,000-strong workforce. Around 6,000 positions...