Labor economy
Workers are secretly applying ChatGPT, AI and it will pose large threats for tech leaders
Lionel Bonaventure | Afp | Getty Pictures Soaring expenditure from big tech providers in artificial intelligence and chatbots — amid large layoffs and a expansion drop — has left a lot of main facts security officers in a whirlwind. With OpenAI’s ChatGPT, Microsoft’s Bing AI, Google’s Bard and Elon Musk’s strategy for his have chatbot […]
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Jenny Craig tells staffers it’s winding down its weight-loss centers and warns of mass layoffs
Jenny Craig has alerted employees to potential mass layoffs as it begins “winding down physical operations” and hunts for a buyer, according to communications the weight-loss company sent some staffers this week. The company said it “has been going through a sales process for the last couple of months,” according to a document titled “Jenny […]
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Lyft to slash 1,072 personnel, or 26% of its workforce
Ramin Talaie | Corbis Information | Getty Visuals Journey-hailing app Lyft will lay off 1,072 staff members, approximately 26% of its corporate workforce, and will not likely hire for an more 250 positions, the firm said in an SEC submitting Thursday. The information arrives a week soon after a memo from new Lyft CEO David […]
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Dropbox to lay off 500 staff members, or about 16% of its workforce
Dropbox CEO Drew Houston speaks onstage in the course of the Dropbox Perform In Development Convention at Pier 48 on September 25, 2019 in San Francisco Matt Winkelmeyer | Dropbox | Getty Images Dropbox on Thursday introduced programs to slash 500 workers, or about 16% of its workforce, in accordance to a weblog put up […]
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Gap to lay off 1,800 workers as part of broad push to cut costs
Gap will lay off about 1,800 employees as part of a broad effort to cut costs and streamline operations, the company said Thursday. The cuts, first revealed on Tuesday, are more than three times larger than the 500 layoffs it announced in September. The layoffs will affect roles at Gap’s headquarter locations along with upper […]
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Gap will cut more than 500 workers in latest layoffs, as struggling retailer tries to reduce costs
A clearance sale sign is seen at the Gap retail store on September 20, 2022 in Los Angeles, California. Allison Dinner | Getty Images Gap is laying off more than 500 employees in an attempt to cut costs and become more efficient, as the company tries to move back to profitability, CNBC has learned. The […]
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Disney begins second, larger round of layoffs, bringing total to 4,000 jobs cut
Bob Iger, CEO, Disney, during CNBC interview, Feb. 9, 2023. Randy Shropshire | CNBC Disney began its second, larger wave of layoffs Monday, bringing total job cuts in recent weeks to 4,000 when the latest round is completed. Earlier this year, Disney said it would slash 7,000 jobs from its workforce as part of a […]
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Employee surveillance is on the rise — and that could backfire on employers
When Arjun Sharma noticed that employee monitoring tool Time Doctor was installed on his company laptop, he didn’t think much of it. “You would sign into work, it’s like clocking in and clocking out. So you would sign in at like 9 a.m. and pretty much just click start on the software,” he told CNBC […]
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Alphabet CEO Sundar Pichai’s payment topped $200 million in 2022
Sundar Pichai, CEO, Alphabet Lluis Gene | AFP | Getty Visuals Alphabet CEO Sundar Pichai received $226 million in overall payment in 2022, most of which arrived through inventory awards, according to a securities report filed by the corporation on Friday. Pichai was awarded $218 million in equities last 12 months through a triennial stock […]
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Berlin airport cancels all departures on Monday due to strike
27 July 2020, Berlin: A traveller with a mouthguard comes out of the door of the arriving planes at Tegel airport. Annette Riedl | image alliance by means of Getty Photographs Germany’s Verdi union identified as for a a single-day strike of air security team at Berlin airport on Monday as component of an ongoing […]
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